DOUBLE TAX TREATY – VIETNAM AND MALTA

Malta and Vietnam signed a tax treaty on 15th July 2016.

DOUBLE TAX TREATY: AZERBAIJAN AND MALTA

Malta and Azerbaijan signed a tax treaty on 29th April 2016.

DOUBLE TAX TREATY: ANDORRA AND MALTA

Malta and Andorra signed a tax treaty on 16th December 2015 in Andorra.

22/08/2015 – FITCH RATING MALTA: A

Fitch Ratings Agency affirms Malta’s Long Term foreign and local currency at ‘A’, stable outlook.

DOUBLE TAX TREATY: MOLDOVA AND MALTA

On 15th May 2015, the Moldova-Malta Tax Treaty entered into force.

MALTA’S GDP GROWTH FORECAST TO REMAIN STRONG

In its winter economic forecast, the European Commission said that dynamic growth and low unemployment were being forecast for the Maltese economy, which maintained a healthy momentum with GDP growth estimated to have reached 3.3 per cent last year.

According to the forecast, GDP growth should moderate somewhat by 2016 but remain strong relative to the rest of the euro area.

The EU said HICP inflation was estimated to have bottomed out last year and should gradually recover in 2016 while the favourable macroeconomic climate should help the budget deficit fall below two per cent of GDP.

According to the forecast, real GDP growth rose in the third quarter last year to reach 3.8 per cent in annual terms, up from 3.4 per cent in the second quarter.

This reflected strong domestic demand, underpinned by dynamic investment in the energy sector and favourable labour market developments, and to a lesser extent exports, which, albeit weak, continued to outpace imports.

Real GDP growth, which was estimated to have reached 3.3 per cent last year, is expected to remain stable this year and moderate somewhat by the end of the forecast horizon, reaching 2.9 per cent in 2016.

DOUBLE TAX TREATY: MAURITIUS AND MALTA

Malta and Mauritius signed a tax treaty agreement on 15th October 2014 in New York.

DOUBLE TAX TREATY: MEXICO AND MALTA

On 9th August 2014, the Mexico – Malta Tax Treaty entered into force.

DOUBLE TAX TREATY: MOLDOVA AND MALTA

Malta and Moldova signed a Tax Treaty Agreement on 10th April 2014.

DOUBLE TAX TREATY: LIECHTENSTEIN AND MALTA

On 1st July 2014, the Liechtenstein – Malta Tax Treaty entered into force.

IMS LICENSED FOR CITIZENSHIP BY INVESTMENT PROGRAMME (MALTESE PASSPORT)

International Management Services Limited (IMS) is pleased to announce that it has been approved and licensed by Identity Malta Agency (an official agency of the Maltese Government) to be an Accredited Person.

IMS is now authorised to act as a licensed intermediary with the Maltese authorities in respect of applicants for the Citizenship by Investment Programme.

14/03/2014 – FITCH RATING MALTA: A

In a report issued on the 14th of March 2014, Firch Ratings Agency affirms Malta’s Long Term foreign and local currency at ‘A’, stable outlook.

CITIZENSHIP BY INVESTMENT IN MALTA

The Government of Malta has just launched the Malta Individual Investor Program (IIP). The Malta IIP is aimed at high net worth individuals and families worldwide.   Further details about the program can be found on this page.

DOUBLE TAX TREATY: ISRAEL AND MALTA

The ratification process of the Convention for the avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income between Malta and Israel, which was signed on 28 July 2011, is now finalised by both countries.

The provisions of the Convention have come into force following the publication of Legal Notice 343 of 2013.

DOUBLE TAX TREATY: CURACAO AND MALTA

Malta and Curacao signed a Tax Treaty Agreement on 17th October 2013.

DOUBLE TAX TREATY: TURKEY AND MALTA

Tax Treaty between Turkey and Malta is expected to come into force as from 1st January  2014.

DOUBLE TAX TREATY: UKRAINE AND MALTA

Malta and Ukraine signed a Tax Treaty Agreement on 5th Septemebr 2013 in Ukraine.

DOUBLE TAX TREATY: LUXEMBOURG AND MALTA

On 11th July 2013, the amending protocol and exchange of letters, signed on 30th November 2011 , to the (Luxembourg – Malta Income and Capital Tax Treaty -1994) entered into force. The protocol and exchange of letters generally apply from 1st January 2014.

DOUBLE TAX TREATY: MACAU AND MALTA

Malta and Macau signed a Tax Treaty Agreement on 30th of May in Beijing. This treaty is expected to come into force in January 2014.

MALTA WIDENS CERTAIN TAX EXEMPTIONS – BRANCH PROFIT & TRADEMARK ROYALTIES (MAY2013)

Branch Profits: The Participation Exemption has been extended to include any income or gains derived by a Malta registered company which are attributable to a permanent establishment (PE) that is situated outside Malta or to the transfer of such PE.

Royalty Exemption: Malta provides a full tax exemption in respect of qualifying royalty income.  This exemption has been widened to apply to royalties derived from qualifying trademarks.

AVIATION MALTA – VAT SIMPLIFICATION MEASURE

Malta is quickly becoming a global hub for the Aviation industry. The Vat Department in Malta issued guidelines related  to aircraft leasing known as the VAT mitigation and simplification meaure. The guidelines are based on the Maltese yacht leasing measure. For more information about the VAT Simplification Measure, please contact us.

STANDARD & POOR GIVES A POSITIVE OVERVIEW TO MALTA

Another International Credit Rating Agency, Standard & Poor’s has also provided Malta with a positive overview. S&P has denounced comparisons between the banking industry in Malta and Cyprus. The report issued by Standard & Poor is entitled “Small Countries, Big Banking Systems: How Malta And Luxembourg Differ From Cyprus” concluded that “We therefore see limited direct implications from the Cypriot banking failure for Malta and Luxembourg”.

DOUBLE TAX TREATY: RUSSIA AND MALTA

A Double Tax Treaty Agreement was signed on the 24th of April between Malta and Russia. It is to replace the other DTA which was signed by both countries in 2000. It will join the other 60 double tax treaties Malta has with other countries.

DOUBLE TAX TREATY: INDIA AND MALTA

Malta signed a Double Tax Treaty Agreement with India, on the 8th of April 2013. This will replace the old treaty signed in 1994.

DOUBLE TAX TREATY: TURKEY AND MALTA

The ratification of a treaty between Malta and Turkey has been approved and has come into force as of 17th January 2013.

 

DOUBLE TAX TREATY: SAUDI ARABIA AND MALTA

Malta has entered into a Double Tax Treaty Agreement with Saudi Arabia. The Treaty came into force on the 1st December 2012, but was applicable as of 1st January 2013.

 

DOUBLE TAX TREATY: NORWAY AND MALTA

The Double Tax Treaty between Norway and Malta, was ratified on the 15th of November 2012 after the Norwegian Government approved the Treaty.

17/04/2013 – FITCH RATING MALTA: A+

In a special report issued on the 16th of April 2013, Fitch Ratings Agency analysed the Malta financial and banking situation. This lead to the agency issuing a rating for Malta:

‘A+’ rating with a stable outlook.

The report highlighted the fact that the banking system in Malta is no way comparable to Cyprus. The report studied the Maltese banking sector, which is the second largest in Europe after Luxembourg, and determined that is more secure and therefore less vulnerable when compared to Cyprus:

“While both Malta and Cyprus seemingly have large banking sectors that substantially exceed the size of their economies and that rely to some degree on funding from non-resident depositors, a closer examination reveals substantial differences”. As mentioned in the article ‘Fitch: Malta Does Not Face Same Bank System Risks as Cyprus’.