Malta Publishes Rules for Consolidated Tax Groups

Malta has published Legal Notice 110 of 2019 in the Official Gazette, which includes the Consolidated Group (Income Tax) Rules 2019. The Rules include that a parent company may make an election in order for itself and its ninety-five percent (95%) subsidiary(s) to form a fiscal unit.

For a subsidiary to qualify, at least two of the following three conditions must be met:

• The parent company holds at least 95% of the voting rights in the subsidiary company;
• The parent company is beneficiall…