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The Government of Malta has now officially launched a one-time scheme for the registration of investments not previously declared, henceforth enabling persons to regularise themselves. The scheme encompasses quite a broad scope, and the investments which may be declared include:
The scheme applies even to persons holding their investments through fiduciaries or nominees and will close-up by 30th September 2014.
Upon declaring the asset, the payable fees will be:
The rate may be lowered to 5% if the proceeds derived are repatriated and invested in Maltese listed securities, or deposited in local banks.
For further information, assistance or any clarifications, please do not hesitate to contact our Tax Advisor, Benjamin Griscti, on email@example.com at your convenience.