Malta News

Avoid the common pitfalls, how to buy property in Malta

The Maltese government does not restrict the purchase of property in Malta as long as all requirements of property acquisition permits and licenses are followed accordingly. As a general rule, the properties acquired should not be used for rentals or modified into other structures—they should be solely used for residency. Besides family, guests may be allowed to live there only when the landlord is available.

Double taxation treaty between Malta and Switzerland

Double taxation often crops up for companies doing business internationally and can be such a headache to the modern business world. Maltese citizens contemplating of doing business in Switzerland and Swiss citizens who want to do business in Malta vice versa will be relieved to know of the June 2012 standing treaty that prevents double taxation for legal entities carrying out taxable activities in either of the two states.

 

Double taxation treaty between Malta and Russia

Although Malta and Russia have a long history of bilateral relations, they did not conclude a double taxation agreement until the 24th of April 2014. The treaty was signed in an effort to avoid double taxation as well as to prevent fiscal evasion in regards to taxes on capital and income charged on companies conducting business in the two countries. It came into effect on the 22nd of May 2014.
 

Double taxation treaty between Malta Luxembourg

Malta and the Grand Duchy of Luxembourg have a lot in common. They are both the smallest member states of the European Union—Malta is the smallest member state followed by Luxembourg. In order to avoid double taxation as well as prevent fiscal evasion in regards to taxes on capital and income, the two nations signed a Double taxation agreement on the 29th of April 1994. The treaty was signed by the plenipotentiaries of the two countries, Guido de Marco(Former Deputy Prime Minister for Foreigh Affairs) and Jacques F. Poos(Former Deputy Prime Minister of Foreigh Affairs, Foreign Trade and Cooperation). It came into effect in 1996.
 

Double taxation treaty between Malta and the United Kingdom (and Northern Ireland)

After several meetings between the Maltese and British plenipotentiaries, the Double taxation agreement between the two countries was finally concluded and it came into effect on the 27th of March 1995. Their goal was to provide double taxation relief and make business easier between Maltese and British nationals.