OECD Highlights Quality Of Maltese Tax Framework

Malta is in full conformity with the requirements related to international transparency standards and exchange of information for tax purposes.

This was the main conclusion of a peer review report drawn up by OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes. The Global Forum analyses how countries are faring with the international standards that fall under its remit. Such conclusion further attests to Malta's reputation as a strong, law-abiding jurisdiction.

In its Report, the OECD commented that the Maltese authorities have broad access to information for exchange of information purposes pursuant to income tax laws, including bank and accounting information, stressing that 'adequate rights and safeguards are in place to guarantee an effective exchange of information'.