Following the re-negotiation of the double tax treaty between Malta and the Republic of India, this has now entered into force as from 7th February 2014.
Most importantly is the fact that India is restricted to a withholding tax of 10% on any dividends distributed to a Maltese beneficiary. Similarly, this treatment is also applied to interest, royalties and fees for technical services.
This bilateral agreement will provide investors with greater certainty on their tax liabilities from cross-border economic activities, and boost closer economic and trade ties between India and Malta.
Malta’s Passport Programme to be renewed with some changes expected to be made
Income Tax returns (together with payment) for the Year of assessment 2020 is being extended to 31 July 2020.
The rules, inter alia, set out the criteria that must be satisfied for an assignment to be regarded as valid for th...