Double tax agreement signed by Malta and Mexico

A Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (Double Tax Treaty) has been signed by Malta and Mexico. The primary objective of this signing is to eliminate double taxation obstacles to trade and investment between Malta and Mexico. Moreover, the treaty provides for.. read more →


Directors’ fees – Malta tax guidelines

The Inland Revenue Department has issued a guidance note in relation to the tax implications where non-resident directors receive directors’ fees from companies resident in Malta. Directors’ fees are fees and similar payments received by a person in his capacity as a member of a board of directors and does not include remuneration in respect.. read more →


Malta signs tax convention

Recently, Malta has ratified the Council of Europe/OECD Convention on Mutual Administrative Assistance in Tax Matters. The convention is a freestanding multilateral agreement designed to promote international co-operation for a better operation of national tax laws, while respecting the fundamental rights of taxpayers. The convention provides for all possible forms of administrative co-operation between the.. read more →


Budget 2013 highlights

The Minister of Finance, the Hon. Tonio Fenech, presented his 2013 Budget Speech on 28 November 2012. Cost of Living Adjustment Cost of Living Adjustment (COLA) will amount to €4.08 per week.  All social benefits are to be increased by the COLA. Personal Income Tax Reduction in income tax will be implemented over the next.. read more →


Malta, Czech Republic sign multilateral tax agreement

The Organisation for Economic Cooperation and Development (OECD) announced that Malta and the Czech Republic have signed the Convention on Mutual Administrative Assistance in Tax Matters. The announcement was made at the Global Forum meeting in Cape Town, South Africa. OECD Deputy Secretary General Rintaro Tamaki said that ”The Multilateral Convention on Mutual Administrative Assistance.. read more →