ZETA News & Publications

Contact ZETA for further details on the news snippets and publications.

2010 - 07 - 31:

Italy is to remove Malta from its list of tax haven jurisdictions following talks between the two countries going back two years.

The aim behind the 'black list' of the Italian Controlled Foreign Companies (CFC) law is to tax subsidiaries of Italian companies located in so called low tax jurisdictions even if the profits of the relative subsidiaries are not distributed to the Italian parent company

Malta featured on the black list prior to its EU membership and although pursuant to its EU membership not all types of Maltese companies were blacklisted, all Maltese companies were construed to be de facto blacklisted due to the uncertainty resulting from the lack of clarity of the wording on the legislation, sources in the financial services sector said.

The Maltese Foreign Ministry had insisted that Malta should be removed from the list after Maltese tax legislation was given the green light by the EU Code of Conduct (Business Taxation) Group.

In March last year Malta and Italy reached a new double taxation avoidance agreement which further clarified the situation.

The Italian Minster of Finance signed the relative decree removing Malta from the black list on Tuesday. The decree has to be published on the Gazzetta Ufficiale to come into force. (Source: timesofmalta.com)

2010 - 07 - 15:

US Senate ratifies Double Tax Treaty with Malta. The treaty is based on the OECD Model tax Convention and is designed to remove any potential trade barriers between Malta and the United States. The treaty also establishes appropriate channels for the exchange of information in the mutual efforts of the countries for both countries to prevent fiscal evasion.

2010 - 07 - 13:

Double Taxation Agreement between Malta and Uruguay agreed. On the 13th July 2010, the Maltese government announced the conclusion of negotiations in connection with the double taxation agreement with Uruguay. The agreement is expected to be signed later on this year. This treaty is the first double taxation agreement between Malta and a South American country.

2010 - 07 - 13:

New Double Taxation Agreement between China and Malta. On July 13th 2010, the Maltese government announced the conclusion of the bilateral discussions with China in connection with a new Double Taxation Agreement. The agreement is expected to be signed later on this year. The new Treaty will replace the existing agreement signed on the 2nd February 2002.

2010 - 05 - 11:

Distribution of Malta Domiciled Funds in Singapore. On the 11th May 2010, the Malta Financial Services Authority, MFSA, announced that it had reached an understanding with the Monetary Authority of Singapore, MAS, where Maltese domiciled funds may be offered to institutional and accredited investors as defined in Section 4A of the Securities and Futures Act, SFA, in Singapore.

2010 - 04 - 23:

QROPS Status for Maltese Registered Retirement Benefit Schemes. On the 23rd of April, the HM Revenue and Customs (HMRC) approved the first Maltese Qualifying Recognised Pension Schemes (QROPS) and in doing so, paved the way for individuals with UK pensions and who are or who will be non-UK tax residents, to transfer their pensions in a tax advantageous manner, to retirement benefit schemes established in Malta.

2010 - 04 - 19:

ZETA has moved to new offices at 43A/1 St. Paul's Buildings, West Street, Valletta, VLT 1532, Malta.

2010 - 02 - 04:

New ZETA Publication - "Malta: A growing EU Fund domicile".

2010 - 01 - 25:

Malta and Jersey sign Double Taxation Agreement. The agreement, signed on the 25th January 2010, at the Malta High Commission in London, is the 16th double taxation agreement signed by Malta in the last 22 months and brings the total number of Malta's treaty partners to 57.

2009 - 12 - 15:

ZETA assisted in the incorporation of a Malta based risk advisory firm.

2009 - 01 - 25:

New ZETA Publication - "An analysis of the Italian Scudo Fiscale"

2009 - 05 - 01:

ZETA assisted in the set-up of a Malta based EU & North African focused trading company.

2008 - 06 - 15:

ZETA launches its new internet site

2008 - 05 - 30:

New ZETA Publication - "Malta: The new BPO Hub".

Contact ZETA for further details on the news snippets and publications.