Comparative Guides
Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.
Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.
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Results: 4 Answers
Corporate Tax
4.
Cross-border treatment
4.1
On what basis are non-resident corporate entities subject to tax in your jurisdiction?
 
Malta
Non-resident corporate entities are subject to tax on a source basis only.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
4.2
What withholding or excise taxes apply to payments by corporate taxpayers to non-residents?
 
Malta
No withholding or excise taxes apply.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
4.3
Do double or multilateral tax treaties override domestic tax treatments?
 
Malta
Yes, by virtue of a provision of domestic law which states that once a treaty is concluded, should there be any conflict with domestic law, the treaty shall prevail.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
4.4
In the absence of treaties, is there unilateral relief or credits for foreign taxes?
 
Malta
Yes – Malta provides unilateral relief for foreign tax levied which is similar in nature to the tax levied in terms of the Maltese tax codes.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
4.5
Do inbound corporate entities obtain a step-up in asset basis for tax purposes?
 
Malta
Yes – inbound entities can step up the value of their assets to market value on the date of re-domiciliation.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
4.6
Are there exit taxes (for disposed-of assets or companies changing residence)?
 
Malta
Malta currently does not levy any exit taxes. However, with effect from 1 January 2020, it will start to apply exit taxes in compliance with the EU Anti-Tax Avoidance Directive.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates