Can I Claim Furniture and Fittings as a Business Expense in Malta?
Yes. Furniture and fittings qualify for a wear and tear allowance over 10 years, which is 10% a year, straight-line.
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What Malta Tax and Customs Administration (MTCA) says
Furniture and fittings receive wear and tear allowances over 10 years, which is 10% a year, straight-line under S.L. 123.01. The expense must pass the wholly and exclusively test in article 14 of the Income Tax Act. Confirm asset-specific treatment with MTCA or a licensed practitioner.
When you can claim
- Office desks and chairs
- Shelving and storage
- Fittings in business premises
- 10% a year over 10 years
When you cannot claim
- Furniture for private use
- Items with no invoice
- Landlord-owned fittings
- Items already claimed elsewhere
Good to know
Pro tip: List each item on the asset register so the allowance runs from the right date.
Related expenses
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