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Malta

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Tax authorities

Ministry Of Finance
Maison Demandols, South Street, Valletta CMR 02
Tel: +356 21 233 565
Fax: +356 21 233 605
Website: www.mfin.gov.mt

Tax rates at a glance

(As of September 2009) 

Corporate income tax rate 35% (a)
Capital gains 35% (b)
Branch tax rate 35%

Withholding tax
Dividends Nil (c)
Interest Nil (c)
Royalties from patents and licences Nil (c)
Branch remittance tax Nil (c)

Net operating losses (years)
Carryback Not allowable
Carryforward Indefinitely

(a) Malta has a full imputation system of taxation and therefore does not levy a corporate tax as such.
(b) Capital gains may be subject to different rates. Immovable property may be subject to a property tax of 12% on the market value instead of capital gains tax.
(c) Malta does not impose any withholding taxes.

Source: Professionals from Avanzia Taxand Limited, the Malta member of the Taxand global network of leading independent tax firms.

Malta

Kevin Valenzia and Mirko Rapa
PricewaterhouseCoopers
Malta

Kevin Valenzia and Mirko Rapa of PricewaterhouseCoopers say Malta's fiscal support for two industries is a good example of how it has adapted to take advantage of international investment trends

[Show full article]

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Malta's tax system makes it an attractive jurisdiction for businesses looking to set up holding companies. A Maltese company is an onshore company paying tax on a worldwide basis at the normal corporate tax rate of 35%, with significant tax refunds to ... [more]

Deloitte's tax practice is led by Andrew Manduca and the team consists of seven partners and 60 fee earners. The firm advises on income tax, VAT, expatriate tax, shipping taxes and M&A. Conrad Cassar Torregiani, who one client described as being "very ... [more]

PricewaterhouseCooper's tax team is led by M&A specialist Kevin Valenzia. The firm has three partners and 60 fee earners. The firm provides tax structuring advice to numerous multinational companies regarding the use of Malta for tax planning. The firm ... [more]

Avanzia Taxand is a member of the global network of tax firms taxand. The tax department is led by Walter Cutajar and consists of four partners and six fee earners. The firm has an impressive array of clients including MUR Shipping, the energy and metal ... [more]

Ernst & Young's tax practice is led by Chris Naudi, who has been commended by his peers as a top practitioner. Robert Attard is recognised for his work on tax controversy. The firm's clients include public sector organisations, private and publicly listed ... [more]

Fenech & Fenech's tax department advises on group restructuring, domestic and international taxation, tax efficient cross-border structures with a focus on inbound investment, trusts and foundations. The tax team is led by Rosanne Bonnici who has over ... [more]

Stephen Attard leads the tax practice at Ganado & Associates. One competitor said the firm has "a good tax department". James Furrugia is known for his work on capital markets and financial products. The firm is the Malta member of Lex Mundi, the international ... [more]

KPMG's tax team consists of three partners and 65 fee earners led by transfer pricing specialist André Zarb. Managing partner Tonio Zarb is known for his work on cross-border structuring. Anthony Pace specialises in both direct and indirect taxation. ... [more]

Camilleri Preziosi's tax team is led by Louis De Gabriele. The firm focus on advising international clients establishing companies in Malta for multi-jurisdictional acquisitions. The firm has advised clients on international corporate structures for ... [more]

Dingli & Dingli provide advice to high net worth individuals regarding estate planning and also assist with international tax planning structures. Other areas the firm is involved in include real estate financing and insurance companies. Andrea Scibberas ... [more]

Grant Thornton's tax department is led by Austin Demajo, who is supported by director Wayne Pisani and three associates. The firm is involved in international structuring and local direct and indirect taxation. The firm's clients come from a variety ... [more]

See also

Malta
Western Europe (Regional Rankings)

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