Corporate Tax 2024 Practice Guide | Chambers And Partners

Donald Vella, Kirsten Debono Huskinson and Gabriella Chircop have contributed, once again, the Malta Chapter to the Corporate Tax 2024 Global Practice Guide, published by Chambers and Partners.

In summary, the Guide covers the following topics:

Types of Business Entities, Their Residence and Basic Tax Treatment

Corporate structures and tax treatment; transparent entities; determination of tax residence of incorporated businesses; applicable income tax rates.

Key General Features of the Tax Regime Applicable to Incorporated Businesses

The calculation of taxable profits including deductibility of allowable expenses; special incentive schemes that are available to support companies investing in research and development in different areas of science and technology; basic rules on loss relief; the limitations imposed on deduction of interest; basic rules on consolidated tax grouping; taxation of capital gains, imposition of stamp duty, VAT and customs duties.