Comparative Guides
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Results: 4 Answers
Corporate Tax
8.
Indirect taxes
8.1
What indirect taxes (eg, goods or service tax, consumption tax, broadcasting tax, value added tax, excise tax) could a corporate taxpayer be exposed to?
 
Malta
Value added tax (VAT) will typically not be an expense for companies, as they can generally recover input VAT. However, in cases where a company is exempt without credit, it will be exposed to VAT on its purchases.

For more information about this answer please contact: Kenneth Camilleri from Chetcuti Cauchi Advocates
8.2
Are transfer or other taxes due in relation to the transfer of interests in corporate entities?
 
Malta
The transfer of shares in companies typically attracts capital gains tax payable by the seller. Broadly speaking, this tax is levied at the seller’s applicable tax rate on the difference between the sale price and the cost of acquisition of the shares being transferred.

The transfer will also attract a duty on documents, payable by the buyer, at a rate of 2% or 5% if the shares are held in a property company. A ‘property company’ is a company which owns immovable property situated in Malta or any real rights thereto; or which holds, directly or indirectly, shares or other interests in any entity or person which owns immovable property situated in Malta or any real rights thereto, where 5% or more of the total value of the shares or other interests so held is attributable to such immovable property or rights.

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