The
system of tax legislation in Malta is designed to complement the framework
for financial services regulation and to provide economic conditions that
support the development of Malta as an international financial and business
centre. The major components of Malta’s tax legislation are the Income
Tax Act and the Income Tax Management Act. The goals of this legislation
are inter alia:
-
to provide a suitable
framework for the taxation of international business activities in Malta;
-
to develop certainty
and clarity on international tax issues through a system of advance revenue
rulings; and
-
to simplify the tax
collection process through source withholding.
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Investment
& Financial Services
