Malta amends EU ATAD Implementation Regulations

23 February, 2020

Recently, Malta has published Legal Notice No. 29 of 2020 in the Official Gazette amending Regulation 10 of the EU Anti-Tax Avoidance Directives (ATAD) Implementation Regulations. The Regulation states that the reverse hybrid rules will apply from

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Malta implements EU ATAD 2 hybrid mismatch provisions

16 January, 2020

On 24 December 2019, Malta has published Legal Notice 348 of 2019 implementing EU Anti-Tax Avoidance Directive (2017/952) (ATAD 2) into Malta domestic law. ATAD 2 amends the EU Directive 2016/1164 which applies to mismatches between EU member

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Malta publishes Regulation to implement DAC6 reporting requirements

05 January, 2020

On 17 December 2019, Malta published Cooperation with Other Jurisdictions on Tax Matters (Amendment) Regulations 2019 through Legal Notice 342 of 2019. The Amendments transpose the provisions of Council Directive 2018/822 of 25 May 2018 amending

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Malta updates notional interest deduction (NID) guidelines

11 November, 2019

On 7 November 2019, the Maltese Commissioner for Revenue has updated notional interest deduction (NID) guidelines. The guidelines address a new paragraph regarding attribution of the deemed interest income on alternative bases.  The following

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Malta: Finance Minister presents Budget for 2020

17 October, 2019

On 14 October 2019, Edward Scicluna, the Finance Minister of Malta, presented budget for the year 2020 to the Parliament. The budget focused on a number of key measures relating to sustainable development, the environment, technological innovation

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DTA between Kosovo and Malta enters into force

29 August, 2019

On 20 September 2019, the Double Taxation Agreement (DTA) between Kosovo and Malta will enter into force and applies from 1 January

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Malta announces deduction rules for patent box regime

20 August, 2019

On 13 August 2019, the Government of Malta has published Legal Notice 208 of 2019 introducing ‘Patent Box Regime (Deduction) Rules, 2019’ on qualifying intellectual property (IP). The patent box regime grants additional tax deductions on income

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Malta updates NID Guidelines

01 August, 2019

On 11 July 2019, the Maltese Commissioner for Revenue has issued updated guidelines regarding the Notional Interest Deduction (NID) rules. The updated guidelines explains a number of factors including the determination of the reference rate, the

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Malta introduces EU Directive on Dispute Resolution

27 July, 2019

On 12 July 2019, Malta has published regulations in the Official Gazette implementing Directive of European Union Council Directive (EU) 2017/1852 of 10 October 2017 on tax dispute resolution mechanisms into domestic law. The regulations came

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Malta: Commissioner for revenue issues updated MAP guidelines

04 July, 2019

Earlier the month of June 2019, the Maltese Commissioner for Revenue issued guidance under the provisions of article 96(2) of the Income Tax Act, Chapter 123 of the Laws of Malta (the ‘ITA’) on the use of Mutual Agreement Procedure

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Malta updates guidelines on the application of the notional interest deduction (NID) rules

16 August, 2018

On 8 August 2018, the Maltese Commissioner for Revenue published update guidelines on the application of the notional interest deduction (NID) rules. Under the NID, a Malta company or partnership, including a Malta permanent establishment of a

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Malta ratifies MLI

16 May, 2018

On 27 April 2018, Legal Notice 142 of 2018, which ratifies the BEPS Multilateral Instrument (MLI) in Malta, was published in the Official Gazette No. 19,984. Malta now needs to deposit its instrument of ratification, approval or acceptance of the

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Malta amends participation exemption rules

11 April, 2018

On 29th March 2018, Malta has published the Budget Measures Implementation Act, 2018 (Act No. VII of 2018) in the Official Gazette. Some of the Key measures are introduced as the minimum holding percentage for the participation exemption for

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Malta adopts new regulations concerning CbC reporting

24 December, 2017

On 6 December 2017, the Finance ministry adopted the Regulations concerning the cooperation with other countries on tax issues. It introduces the idea of "beneficial owner" who is an individual owns or controls the customer. For an entity, the

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Malta to introduce equity funding deduction

15 October, 2017

On 5 October 2017 Malta published rules for a notional interest deduction on equity funding. The underlying idea is to align the tax cost of debt funding with that of equity - if the taxpayer so chooses, since the deduction will be optional. The

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Malta: Budget for 2018

12 October, 2017

On 9th October 2017, the Minister for Finance, Edward Scicluna presented the Budget for 2018. In this budget no new direct or indirect taxes were introduced, existing ones were left untouched. Major issues of budget for 2018 are following:

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Double tax treaty between Malta and Ukraine enters in to force

09 October, 2017

On 28 August 2017, the Double Taxation Agreement (DTA) between Malta and Ukraine was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5% for at least 20% holding; otherwise 15%, Interest rate 10% and

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DTA signs between Botswana and Malta

05 October, 2017

On 2 October 2017, According to a press release of Maltese government, a Double Taxation Agreement (DTA) has been signed with Botswana for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on

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