Australia & Malta Double Tax Treaty

The Double Tax Treaty Malta Australia, as amended, was signed on 9 May 1984 and is currently in force. The main features of the Double Tax Treaty Malta Australia are as follows.

Australian Withholding Taxes

Dividends

The Double Tax Treaty Malta Australia sets out a maximum Australian withholding tax of 15% on dividends distributed by an Australian resident company to a Maltese resident company.

Interest

The Double Tax Treaty Malta Australia sets out a maximum Australian withholding tax of 15% on interest paid by an Australian resident to a Maltese resident beneficial owner of the interest income.

Royalty Income

The Double Tax Treaty Malta Australia sets out a maximum Australian withholding tax of 10% on royalties paid by a Australian resident to a Maltese resident beneficial owner of the royalty income.

Other Income

Pensions including government pensions and annuities from Australian sources paid to a Maltese resident are taxable only in Malta. However such a rule does not apply to similar payments advanced by an Australian statutory body or local authority or a political subdivision thereof for services rendered therein unless the Maltese resident individual is also a Maltese citizen.

Any pensions or allowances paid from Australian sources in respect of wounds, disabilities or death caused by war, in respect of war services are exempt from tax in Malta if such payments are exempt from tax in Australia.

Please contact us should you require any more information on the Malta Australia Tax Treaty and the unique tax planning opportunities. You can email us enquiries@papilioservices.com or call us directly on +356 2258 2000.