Since 1 January 2012 a number of developments have taken place with regard to double taxation agreements and Tax Information Exchange Agreements.

Since 1 January 2012 a number of developments have taken place with regard to double taxation agreements and Tax Information Exchange Agreements.

The BEPS project outlines 15 action points aimed at tackling the increasing international concern at multinational enterprises avoiding taxes.

Malta has introduced amendments to its Double Taxation Relief agreements with Romania and San Marino, specifically targeting the mutual agreement procedure provisions within both treaties. These changes aim to enhance the operational framework for resolving tax disputes between the contracting states, with Romania's amendment adding stipulations for competent authority resolution and San Marino's removing time limitations on MAP procedures.

On 19 June 2023 the European Commission published a draft proposal for a faster and safer relief of excess withholding tax (the ‘Proposal').

The OECD released a report addressing the tax implications of COVID-19 pandemic on cross-border workers and other related cross-border matters.

As of July 9, 2024, Malta and Curacao have formally accepted the double taxation agreement, which is a key step towards improving economic ties.

On the 1st July 2014, the Income and Capital Tax Treaty between Liechtenstein and Malta entered into force.

Malta and the Caribbean island of Curaçao have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

Malta has formally brought into force amendments to its double taxation agreement with the Republic of San Marino, marking another step in the country’s ongoing efforts to strengthen international tax cooperation...

Following the introduction of new the New Pension Freedom rules in UK effective 6 April, Malta decided to mirror these rules for UK tax relieved transfers, or what are generically known as "relevant transfer funds".

Malta has just concluded treaties on double taxation with various countries, including Luxembourg.

Malta has long been considered a leading holding company jurisdiction due to its participating holding exemption on dividends and capital gains, as well as its lack of withholding tax on payments to shareholders.

Substance has become a key term when setting up a new corporate structure, in international tax planning and in restructuring of existing corporate structures.

Malta and Bulgaria have amended their double taxation treaty to align the Mutual Agreement Procedure with OECD standards, introducing a justification requirement that was conspicuously absent from the original text. While this change brings the treaty into conformity with international practice, the absence of mandatory arbitration provisions means taxpayers still lack a binding dispute resolution mechanism if competent authorities reach an impasse.

The Agreement between Malta and Romania for the avoidance of double taxation (Treaty) was originally signed in Bucharest on 30 November 1995.

In recent years, Malta has become an attractive jurisdiction for high-net-worth individuals and families looking to establish Single Family Offices (SFOs) due to its robust regulatory environment and favourable tax regime.

While many are aware of the fact that Malta offers a pleasant climate, a charming lifestyle, a business-friendly environment and an attractive tax regime, fewer are aware that eligible businesses might benefit from a suite of financial incentives to further enhance their offering, which positions Malta as an appealing destination for many companies.

End of last year, Romania proposed a comprehensive set of tax changes designed to guarantee the long-term financial sustainability of the nation...

Executive Vice-President for an Economy that Works for People, Valdis Dombrovskis, stated: "Shell companies continue to offer criminals an easy opportunity to abuse tax obligations.