Malta's Commissioner for Revenue published Version 1.1 of the Guidelines in Relation to the Notional Interest Deduction (NID) Rules on 20 December 2023. Version 1.1 includes updates in relation to the sections on approval for claiming the NID and the deduction and carry forward of NID, as well as a new section on other considerations. The updates and new sections are as follows:
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ii. Approval for Claiming the NID
The shareholders or partners in an undertaking, as the case may be, as a…