Safety and certainty are essential aspects when structuring international investments. In order to meet investors’ needs, it is possible to ask the Maltese tax authorities to issue an advance tax ruling that is valid for 5 years and renewable for another 5 years.
If the legislation is amended during the term of an advance tax ruling, the ruling remains valid for 2 years, or up until the end of the term if less than 2 years are left.
According to Maltese tax legislation, a company registered in Malta must allocate its distributable profits to five (5) different tax accounts, depending on the source of the respective incomes. Learn more about the Tax Accounts in Malta.
Maltese residents, who comply with certain requirements, can have double taxation relief on the income that has already been taxed abroad.
In principle, the settlor may be taxed even if he or she does not receive any amounts upon transferring his or her property to the trust. The placement of property in a trust shall not create a more heavily taxed regime than that which would be applicable to any other transfer.