The Code of Conduct Group (Business Taxation) has published the full list of preferential tax regimes applied by EU Member States which have been examined since the inception of this group (March 1998). So far, 638 preferential regimes has been examined out of which 254 were deemed to constitute harmful tax regimes. These harmful tax regimes have been rolled back or are in the process of being rolled back.
With respect to Malta, the following regimes have been mentioned in this publication:
Offshore trading and non-trading companies | HARMFUL | 1996: abolished 2004: end of benefits |
Offshore insurance companies / Insurance companies | HARMFUL | 1996: abolished 2004: end of benefits |
Offshore banking companies / Banking companies | HARMFUL | 1996: abolished 2004: end of benefits |
International Trading Companies | HARMFUL | 2007 |
Dividends from (other) Maltese companies with foreign income | HARMFUL | 2007: abolished 2011: end of benefits |
Shipping Regime | NOT HARMFUL | |
Investment Service Companies | HARMFUL | 2011: end of benefits |
Business Promotion Act | NOT HARMFUL | |
Onshore free port | NOT HARMFUL | |
Business Promotion Regulations | HARMFUL | |
Non-resident companies | NOT ASSESSED | |
Special granted tax exemption | HARMFUL | 2004 |
Exemption for royalty income from patents | HARMFUL | 2016 |
Notional Interest Deduction | N/A |
For more information on this update kindly contact:
Franco Falzon
(Managing Partner)
E: franco@ffinternational.com.mt
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