Get in touch - Bank of Valletta - BOV Group
Customer Service Centre - Bank of Valletta - BOV Group
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What is my tax position under the Plan?
What is my tax position under the Plan?
What is my tax position under the Plan?
Under current legislation you are not liable to income tax whether you surrender the Plan or retain it to maturity, so however that tax at the rate of 15% is payable by the insurer on profits attributable to such plans on surrender or maturity, where the policy owner is resident in Malta. Payment of the Death Benefit under the Plan is not taxable. Please bear in mind that tax legislation may change in future.
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BOV Pjazza
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).