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...
More DTA’s Published
22 March 2013
The avoidance of double taxation agreement signed with Norway in March of last year was published by means of Legal Notice 118 of 2013. Generally, the DTA applies from the 1st January 2014 and substitutes the Malta – Norway Income Tax Treaty signed in 1975 Interest Interest arising in a Contracting State and beneficially owned by a resident of...
