Ireland & Malta Double Tax Treaty

The Double Tax Treaty Malta Ireland entered into force on 15 January 2009. The main features of the treaty are as follows:

Ireland Withholding Taxes

Dividend Income

The Double Tax Treaty Malta Ireland sets out a maximum Irish withholding tax of 5% on dividends distributed by a Irish resident company to a Maltese resident company where the Maltese resident company holds at least 10% of the voting power in the Irish resident company. In all other circumstances, the maximum Irish withholding tax is 15%.

Interest Income

The Double Tax Treaty Malta Ireland states that there is no Irish withholding tax on interest paid by a Irish resident to a Maltese resident beneficial owner of the interest income.

Royalty Income

The Double Tax Treaty Malta Ireland sets out a maximum Irish withholding tax of 5% on royalties paid by an Irish resident to a Maltese resident beneficial owner of the royalty income.

Other Income

The Double Tax Treaty Malta Ireland states that certain pensions and other similar remuneration arising from Irish sources and paid to a Maltese resident are taxable only in Malta. However such a rule does not apply to similar payments advanced by an Irish statutory body or local authority or a political subdivision thereof for services rendered therein unless the Maltese resident individual is also a Maltese national.

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