It is reported that the parliament on 17 May 2013 approved tax amendments announced during the speech for the Budget for 2013, including new tax exemptions for branch profits and trademark royalties. The new rules apply retroactively to tax periods commencing on or after 1 January 2012.
Branch profits
Malta operates a full participation exemption for dividends and gains derived from qualifying shareholdings. To ensure compliance with EU law, the participation exemption regime has…