• Service: Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 2/4/2014

Malta - “Recipient” re-defined for investment income, income tax provisions 

February 4:  Legislation in Malta is intended to amend the rules that apply with respect to the taxation (and withholding tax) on amounts distributed by corporations from profits.

The aim is to conform the Maltese rules to the principles of EU law, as clarified by the Court of Justice of the European Union.

For example, an amendment expanding the definition of “recipient” for both investment income and income tax law purposes would expand the scope of the definition of “recipient” for purposes of the withholding tax levied on corporate distributions made out of distributable profits and allocated to an untaxed account.

Read a January 2014 report prepared by the KPMG member firm in Malta: Tax Alert 01/2014: Extension of definition of 'recipient' for the purposes of the Investment Income Provisions

Read a January 2014 report prepared by the KPMG member firm in Malta: Tax Alert 02/2014: Extension of definition of ‘recipient’ in Art. 61 of the Income Tax Act

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