Malta-Turkey tax treaty

29/07/2013

An income tax treaty for the avoidance of double taxation between Malta and Turkey, which was signed in 2011, come into force on 13 June 2013.

The treaty provides for a 10% withholding tax on dividends paid by a Turkish resident company to a Maltese company in which it has at least a 25% stake. In all other cases a maximum withholding tax of 15% will be applied.  Malta will not tax dividends paid by a Maltese resident company to a Turkish resident company.

A maximum Turkish withholding tax of 10% will apply to interest and royalties paid by a Turkish resident to a Maltese resident beneficial owner of the interest or royalties.

Valletta, Malta

Malta is an island hub at the very core of the Mediterranean that is fast becoming one of the world’s foremost emerging financial services centres. Valletta being the Capital City of Malta.

Rankings & Awards

Avanzia Taxand is consistently ranked as a Tier One or Tier Two Firm in Euromoney's Corporate Tax Handbook and ITR surveys on tax planning and tax transactional surveys.

Avanzia Taxand was named ‘Malta Tax Firm of the Year’ by the International Tax Review for three times – in 2009, 2013 and 2016.  In 2011, 2014, 2015 and 2016 it was named ‘Malta Tax Firm of the Year’ by Corporate International.

 

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