The EU Directive for the automatic exchange of Tax Rulings

On 8 December 2015, the Economic and Financial Affairs Council of the European Union (ECOFIN) formally adopted amendments to the EU Directive on Administrative Co-operation in the field of direct taxation which introduce the mandatory automatic ...

Anti-Tax Avoidance Directive

On 21 June 2016, the Economic and Financial Affairs Council of the European Union (ECOFIN) reached final political agreement on the Anti-Tax Avoidance Directive[1] (ATAD or Directive). The ATAD was originally proposed by the European Commission ...

Foreign Companies in Malta

Malta branches of foreign companies and transfer of management and control of foreign companies to Malta In terms of the Maltese Companies Act [CAP. 386] an overseas company is a body corporate which is constituted or incorporated outside Malta. ...

Incorporation of Maltese Companies

A limited liability company is the most common form of business entity in Malta, and it has a separate legal personality from that of its shareholders. In such a company, the liability of the shareholders is limited to the amount, if any, of the ...

Ship & Yacht Registration in Malta

The registration of ships under the Maltese flag is regulated by the Merchant Shipping Act of 1973 (with all its subsequent revisions and amendments), which Act is further supplemented by subsidiary rules and regulations. Malta has, furthermore, ...

Resident, non-domiciled companies

The scope of taxation in Malta depends on the person’s residence and domicile. In the Income Tax Act, a ‘person’ is defined as an individual and a body of persons which includes companies, any fellowship, society or other association of persons, ...

Fiduciary obligations and Fiduciary Companies in Malta

Fiduciary obligations are legally enforceable obligations, which arise in virtue of law, contract, quasi-contracts, trusts, assumption of office or behavior, whenever a person (the Fiduciary): owes a duty to protect the interests of another ...

EU Regulation on Succession

The free movement of persons between the Member States is one of the fundamental rights guaranteed to EU citizens. This movement of people makes it more likely that a person’s estate and heirs are spread out over several Member States. Since ...

Central Register of Beneficiaries

Over the years, corporate vehicles such as companies, trusts, foundations, partnerships and other types of legal persons and arrangements have, unfortunately, been misused for illicit purposes, including money laundering, bribery and corruption, ...

Taxation of Aircraft Enterprises in Malta

Aircraft operation in Malta With the intention of establishing itself as a leading jurisdiction for aircraft registration and operation, Malta introduced the Aircraft Registration Act, 2010 and acceded to the Cape Town Convention on ...
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