International tax planning is a complex minefield to navigate without experience and a deep understanding of the relevant tax laws. However, as leading Maltese Tax Advisers, we have given you information to help you navigate International Tax Planning in Malta.
International Tax Planning Definition
Tax planning includes the analysis of a financial situation from a tax perspective. The purpose of tax planning is to ensure that you’re not only tax-efficient but also compliant. Therefore, by reducing the overall tax liability and ensuring that every action taken is compliant with the law, you’re more productive than ever.
Malta Tax Planning Stratagies for Business and Individuals
Companies setting up, operating, transferring and closing a business have both direct and indirect tax consequences. However, setting up a company in Malta means you benefit from several tax effective systems such as the Full Imputation System and Participating Exemption that allow businesses to plan their taxes more effectively.
In individual’s cases, such as moving country, saving for retirement, selling a business or transfers of an estate also have tax consequences. The use of Trusts and Foundations in Malta as well as the effective use of Malta Holding Companies can make tax planning a lot simpler,easier and more tax effective.
Therefore, to be tax-effective as well as compliant, you must seek qualified advice to navigate this correctly. Contact us today if you would like a free consultation about Malta Tax Planning.
Why plan for International Taxation
International transactions are at risk of attracting double taxation. Consequently, this will make operations more costly and can sometimes limit cross-border trade and other activities. Therefore, it is essential to analyse and prepare for the possible tax consequences and plan the transactions in a manner that will make you as efficient as possible.