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Malta: Tax Changes on the Horizon (Bad News)

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Malta: Tax Changes on the Horizon (Bad News)

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Malta has a very smart tax system, that many of our clients took the advantage of.
Lots of companies would move to Malta because of its brilliant tax system, where a company pays 35% in tax, and at the end of the year get a 30% refund from the government. This way Malta was a high tax country on the surface, and wouldn’t be blacklisted as a tax haven, but companies could still end up paying low taxes.

However, this legal loophole is probably going to close down soon. They’ve announced tax changes that will take place in 2025 and this may erase Malta from the list of desirable countries for company formation.

Malta to overhaul corporate tax regime by 2025 in the major policy shift:

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Author: Michael Rosmer

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22 COMMENTS

  1. MALTA'S INCREDIBLE HISTORY TELLS YOU IT'S FUTURE
    The Maltese are not worried and this years last election result proves it. They have a way of doing things that derives from the antique knowledge and all foreigners that are in with them or on the same side, benefit from this deep wisdom. The EU is a fat white elephant and here they are the coaches for ballet dancers. I see an economic boom like never seen before and this week you can see the tsunami of business heading Malta's way in all shapes and sizes. Unlike other countries, they did not destroy their economy during the Covid crisis. They proved to have survival skills of a grand master and so it made the island a lot stronger in reality. Their new Defi economy is hitting the road running and it can already be seen, even with all it's greedy enemies like Luxembourg against it. " Malta is the unsinkable aircraft-carrier" Prime Minister Winston Churchill.

    NB. To ' Offshore Citizen.You are by far one of the smartest people out there and well intention-ed. I finally subscribed.

  2. External pressure + already plenty of incomers = no need for incentives (Maltese gov perspective)

    Reality: Malta is good for a week holiday in the sun; you can push it to two but living there!? Gets boring very quickly

  3. So basically remittance based taxation will be replaced by worldwide residency based taxation on the personal level, or is this just a change for corporate tax not personal?

  4. interesting update! would you be inclined to do a video on Yacht registrations? Malta seems to be super popular and it would be interesting to hear the basics on how to save sales tax and reasons why so many yachts are registered in Valletta.

  5. I think Malta cannot survive economically with a high tax regime. From what I can hear here, they seem to be aware of that. But they are too scared to get into a confrontation with the EU. It is clear where the EU is going. It wants to harmonise taxes. If Malta wants to survive they will eventually have to get out of the EU. Now that they cannot sell their passport anymore in the near future, there is really not much reason to stay. And then they need to become a tax haven.

  6. What do you think about south-asia countries (indonesia, malaysia, philippines, thailand) as a place to live, open a bussiness and open banking accounts (all 3 in the same country) ?

  7. As I said many times, EU is in process of building socialist centralised state like USSR. They need to make these small regions like Malta unattractive, so that they lose their sovereinty and live off centralised subsidies. Democracy and capitalism is inherently incompatible and lead to centralisation and socialism. The only alternative is radical decentralisation to save regime of private property and market economy.

  8. how to comply with anti money laundering and kyc when doing crypto staking or mining what is legal risk with it ie will I get in trouble if I mine a transction with illegal source(unkowningly).

  9. I think it's best to get a South American passport like Uruguay or chilie… Eu passport is always risky for tax reasons and soon follow us taxation like worldwide income …

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