Malta's Commissioner for Revenue published an updated version of the Notional Interest Deduction (NID) Guidelines on 7 November 2019. The update concerns the attribution of the deemed interest income on alternative bases and includes the following:
Where a shareholder is the only shareholder of a company that holds no more than 0.2% of the nominal value of the risk capital of such company and, in accordance with the Memorandum and Articles of Association, such holding is devoid of any right…