Malta transposes EU's Global Minimum Tax Directive reflecting non-implementation position for IIR, UTPR and QDTT

23 February 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, BEPS 2.0|Malta

Malta has transposed into local legislation the European Union's (EU)'s Global Minimum Tax Directive.
The Income Inclusion Rule (IIR), Undertaxed Profits Rule (UTPR) and Qualified Domestic Top-up Tax (QDTT) will not be introduced in Malta for FY 2024.

Following an announcement by the Minister for Finance and Employment that Malta will not be introducing any component of the Organisation for Economic Co-operation and Development's (OECD) Global Anti-Base Erosion Rules (GloBE Rules) for 2024, …

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