The Malta Commissioner for Revenue has published updated guidelines in relation to the Notional Interest Deduction (NID) Rules ({News-2018-02-14/A/6-previous coverage}). The NID Rules apply from the year of assessment 2018 and provide that an undertaking is entitled to an optional deduction equal to a reference rate times the risk capital of the undertaking for the accounting period ending in the year preceding the year of assessment. The updated guidelines cover:
- Determination of the Refere…