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(CORPORATE TAX) THE COUNCIL OF EUROPE PUBLISHES THE LIST OF PREFERENTIAL TAX REGIMES

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 companiesHARMFUL1996: abolished 2004: end of benefits
Offshore insurance companies / Insurance companiesHARMFUL1996: abolished 2004: end of benefits
Offshore banking companies / Banking companiesHARMFUL1996: abolished 2004: end of benefits
International Trading CompaniesHARMFUL2007
Dividends from (other) Maltese companies with foreign incomeHARMFUL2007: abolished
2011: end of benefits
Shipping RegimeNOT HARMFUL 
Investment Service CompaniesHARMFUL 2011: end of benefits
Business Promotion ActNOT HARMFUL 
Onshore free portNOT HARMFUL 
Business Promotion RegulationsHARMFUL 
Non-resident companiesNOT ASSESSED  
Special granted tax exemptionHARMFUL2004
Exemption for royalty income from patentsHARMFUL2016
Notional Interest DeductionN/A 

For more information on this update kindly contact:

Franco Falzon
(Managing Partner)
E: franco@ffinternational.com.mt


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