> 5. The 5% refund will soon be abolished (Caruana), we don't know when yet but it's quite certain.
(If you didn't pay 5% there would be no point in staying in Malta as a company)
Can somebody explain what this is? I googled Caruana Malta with no luck.
https://www.maltatoday.com.mt/news/...ul_corporate_tax_regime_in_major_policy_shift
Malta to overhaul corporate tax regime by 2025 in major policy shift
Malta’s corporate tax regime is in for a major overhaul and the new structure and rates will be adopted for the basis year 2025, Finance Minister Clyde Caruana says
https://newsbook.com.mt/en/cassola-...ion-for-local-and-foreign-companies-in-malta/
Cassola proposes equal corporate taxation for local and foreign companies in Malta
With the recent publication of a new legal notice transposing the EU directive on corporate taxation into Maltese law, Cassola’s proposition seeks to address the existing tax rate disparities that have long been a point of contention for business lobbies and tax justice campaigners.Cassola condemned the prevailing situation wherein Maltese companies face a 35% tax rate on their profits, while foreign counterparts often benefit from rebates, ultimately paying as little as 5%.
In any case, pressure from the EU is very strong. Also in light of the fact that a "domiciled Maltese" pays 35% cit which is madness, while the non-dom pays 5%.
The fun is over and a cit between 10%/15% is presumed?
Furthermore, see also the new EU directive on shell companies... 99% of holding companies requesting reimbursement...