Amendments make for a more attractive tax regime

Date: 29th April, 2010

The Budget Measures Implementation Act (Act 1 of 2010), published on 16 April 2010, has implemented a number of measures announced by the Minister of Finance in his 2010 budget speech late last year.

Amongst the various amendments to the Income Tax Acts are measures to widen the applicability of the ‘participating holding’ regime, already one of the most attractive holding regimes within the EU; an option to ‘step up’ the value in one’s assets on taking up residence in Malta; an attractive income tax regime for individuals taking up certain forms of employment in Malta, amongst others.

For more information about Malta’s tax regime and the firm’s tax practice, please contact Rosanne Bonnici, Tax Partner.