At Markit Business Solutions we design plannings to help our clients in the management of their cashflows, particularly we can assist in the Management and budgeting of Cashflow Forecasting.
We provide technological tools useful for the management of the cash flows of the entity or of budgets and forecasts.
Therefore, we provide to our clients the opportunity to monitor the performance against budgets, comparing actual and previous periods, being able to make the right projections for the future analyzing the trends forming the basis when preparing forecasting.
Current tax measures provide excellent opportunities to Malta based companies, Malta in fact adopts a Tax Refund System, whereby dividend distributions by a Malta company allowed a refund of the tax paid at company level or can be taken into consideration a participation exemption regime available in Mlata on profits derived from a qualifying participating holding.
Advantages under Malta’s tax provisions:
No withholding taxes are applied when dividends are paid by Maltese companies;
Tax exemptions on interest and royalties paid to non-residents;
Tax exemptions on the transfer of shares held by non-residents;
There are no ‘exit taxes’ on repatriation of funds outside Malta.
Tax refunds available in Malta:
6/7ths refund: effective rate of tax can be as low as 5%;
5/7ths refunds: effective rate of tax in these cases can be as low as 10%;
2/3rds refund: When applied double taxation relief;
100% refund: applies to participating holding which qualifies for the participation exemption.
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