Malta's Commissioner for Revenue has published an updated version of the Notional Interest Deduction (NID) Guidelines. The update concerns the NID for accounting periods other than 12 months, and includes the following:
To further approximate the neutrality between debt and equity financing, an adjustment shall be applied to the NID to remove distortive and disproportionate deductions in respect of accounting periods that are longer or shorter than 12 months. The NID in respect of the year…