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
Disclaimer
While FF International Limited (hereinafter referred to as “FFI”) endeavours to ensure that any information published in articles / publications / memos / updates (including any information published on our website) is accurate as at the time of publication, FFI nor any of their respective directors, partners, officers, employees, or agents make any representation or warranty (express or implied) or accept or will accept any responsibility or liability in relation to the accuracy or completeness of the information contained published in our articles / publications / memos / updates (including any information published on our website) or any other written or oral information made available or published on our articles / publications / memos and updates. Any responsibility or liability in respect of any such information or any inaccuracy or omission arising from any article / publication / memo is expressly disclaimed. In particular, but without prejudice to the generality of the foregoing, no representation or warranty is given as to the achievement or reasonableness of any future projections, estimates, prospects or returns published on our articles / publications / memos / updates (including any information published on our website) . The content of the above article / publication / memo / update and any information published on our website is intended to serve solely as general information only and its purpose is not to provide any specific professional advice whether of a financial, legal, tax or other nature. Since it is recommended that business decisions be based only on qualified professional advice, neither FFI nor any related company belonging to FFI nor any of the respective directors, partners, officers, employees, or agents of FFI will be held liable for any damages which might result as a consequence of relying on the information contained within. FFI including any directors, partners, officers, employees, or agents of FFI and / or any entity related to FFI accept no liability whatsoever for the content of this article / publication / memo / update for the consequences of any actions taken on the basis of the information provided. If you have any questions relating to the accuracy and correctness of the above article / publication / memo / updates or any information published on our website you are kindly requested inform us by sending us an email on info@ffinternational.com.mt
