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
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%.
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.
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.
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.
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