Double Tax Treaty Malta Iceland

Double Tax Treaty Malta Iceland Tax

The Double Tax Treaty Malta Iceland entered into force on 19 April 2006. The main features of the treaty are as follows:

Dividend Income

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

Interest Income

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

Royalty Income

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

Other Income

The Double Tax Treaty Malta Iceland states that subject to the limits of the Maltese and Icelandic jurisdiction, income earned by a Maltese resident company from the operation of ships, aircraft or road vehicles in international traffic is only taxable in Malta.

Please contact us for more information on the tax planning opportunities the Malta Iceland Double Taxation Treaty offers companies based in Iceland and how your organisation can become more tax efficient.

Click below to go back to all of the double taxation treaties Malta has in force: