https://www.maltatoday.com.mt/news/...ul_corporate_tax_regime_in_major_policy_shift
Cassola condemned the prevailing situation wherein Maltese companies face︄ a 35% tax rate on their profits, while foreign counterparts often benefit from rebates, ultimately︅ paying as little as 5%.
In any case, pressure from the EU is very strong.︆ Also in light of the fact that a "domiciled Maltese" pays 35% cit which is︇ madness, while the non-dom pays 5%.
The fun is over and a cit between 10%/15%︈ is presumed?
Furthermore, see also the new EU directive on shell companies... 99% of holding︉ companies requesting reimbursement...
Malta to overhaul corporate tax regime by 2025 in major policy shift
Malta’s corporate tax regime is in for a major overhaul and the new structure and rates will be adopted for the basis year 2025, Finance Minister Clyde Caruana says
https://newsbook.com.mt/en/cassola-...ion-for-local-and-foreign-companies-in-malta/
Cassola proposes equal corporate taxation︀ for local and foreign companies in Malta
With the recent publication of a new legal︁ notice transposing the EU directive on corporate taxation into Maltese law, Cassola’s proposition seeks to︂ address the existing tax rate disparities that have long been a point of contention for︃ business lobbies and tax justice campaigners.Cassola condemned the prevailing situation wherein Maltese companies face︄ a 35% tax rate on their profits, while foreign counterparts often benefit from rebates, ultimately︅ paying as little as 5%.
In any case, pressure from the EU is very strong.︆ Also in light of the fact that a "domiciled Maltese" pays 35% cit which is︇ madness, while the non-dom pays 5%.
The fun is over and a cit between 10%/15%︈ is presumed?
Furthermore, see also the new EU directive on shell companies... 99% of holding︉ companies requesting reimbursement...
