The recently published Consolidated Group (Income Tax) Rules, 2019, grant groups, as defined therein, the option to be treated as a single ‘fiscal unit’ for income tax purposes.

These Rules apply to companies generally (including entities treated as such for income tax purposes), with some exceptions, as well as to trusts whose trustees have opted to have same taxed as a company and foundations, thus offering opportunities for increased efficiencies across different types of groups. The Rules also address the reality of groups that include both resident and non-resident entities.

You may read the full article by Dr. Rosanne Bonnici by clicking https://www.internationaltaxreview.com/Article/3883353/Malta-Malta-publishes-tax-grouping-rules.html

Should you wish to discuss how our Tax Team may assist your group in benefitting from these new rules, please contact Dr. Rosanne Bonnici, Tax Partner of the firm.