News & Views

Malta signs DTA’s with Russia and India

25 April 2013

Russia Malta and Russia have just signed a double taxation avoidance agreement. Once ratified, the new treaty will replace the Malta - Russia Income Tax Treaty (2000). Moreover, the income tax treaty between Malta and Russia, signed on 15 December 2000, is superseded by the new treaty and will therefore never enter into force Foreign Minister...

Malta shrugs off Cyprus comparisons

10 April 2013

In the wake of the recently announced Cypriot bailout Malta is justifiably dismissing any comparison with Cyprus. Indeed Josef Bonnici, governor of the Central Bank of Malta and also a member of the ECB's governing council, warned that comparing Malta with Cyprus would be misleading. The decision of EU finance ministers to force Cyprus to...

Malta-Liechtenstein Agree on Double Taxation...

01 April 2013

Both Countries have finalised negotiations for the execution of an agreement for the avoidance of double taxation based on the OECD Model and concerns taxes on funds, capital and income. It is expected that the Agreement will be applicable from the 1st January 2014.

Malta/Bahamas TIEA Published

22 March 2013

The Tax Information Exchange Agreement signed with Bermuda in November 2011 was published by means of Legal Notice 120 of 2013. Like other agreements of this nature, this will promote cooperation between the two countries through the exchange of information.

Reduced Tax Rates for Innovation, Creativity...

22 March 2013

Building on Malta's already successful Highly Qualified Persons Rules and High Net Worth Individual Rules, the favourable 15% tax rate is now being extended even further On the 8th of March 2013 two new schemes, aimed at furthering the Maltese employment sector, were introduced. The Qualifying Employment in Innovation and Creativity (Personal...