Deloitte delivers deep knowledge of tax and statutory requirements as well as a breadth of experience applying them in practice worldwide. Practical tax advice combined with our consistent tax compliance framework instils confidence that a consistent approach is followed across jurisdictions. We help simplify tax management and oversight while providing global visibility for making informed strategic decisions ― all with the ease of working with a global provider.
- Compliance and reporting services
- Financial accounting for income tax
- Tax controversy services
- International tax
Compliance and reporting services
For both domestic businesses and multi-national companies, compliance with an increasing number of tax rules, more rigorous and coordinated enforcement by tax authorities, and ongoing staffing constraints continue to be a challenge. As businesses expand operations into new markets the complexity of managing tax risks and complying with reporting requirements multiplies. Deloitte offers efficient, cost-effective tax compliance services, including co-sourcing and outsourcing options. A suite of integrated tax technologies can help companies achieve their goal of high quality, lower-cost compliance. In addition, some technologies have the potential to give businesses enhanced visibility into more global information that may be useful to them in strategic decision making.
Financial accounting for income taxes
Financial accounting and reporting for income taxes have become increasingly complex. Tax departments must keep up with the latest regulatory developments and guidance related to income tax accounting, disclosures and documentation, as well as seeking ways to address their tax provision process and technology needs more reliably and efficiently. Deloitte tax professionals understand the complexities and can provide practical insight, standardization, and technical expertise to help clients navigate through the maze.
Tax controversy services
Current trends suggest that multinational organizations will continue to spend more time and resources managing tax controversies in both their local and foreign markets. Tax authorities are sharing information about companies and focusing increasingly not just on the technical merit of a tax position but also on implementation. Deloitte's tax controversy teams include former tax authority officials, alternative dispute resolution specialists, and in many countries, tax litigation specialists who can assist multinational businesses at all phases of the tax controversy cycle.
Foreign Account Tax Compliance Act (FATCA)
Virtually all foreign financial intermediaries and withholding agents that own or hold investments in an increasing number of countries are subject to information reporting and disclosure requirements of Foreign Account Tax Compliance Acts (FATCA) legislation. This type of legislation impacts organizations' tax functions, technology systems, operations, and business strategy. As a leading advisor in both tax and technology, Deloitte professionals are well positioned to help companies assess and address implications related to compliance with FATCA legislation. Deloitte’s services include analysis and remediation of existing systems, design and implementation of enterprise-wide systems, and practical procedures needed to identify and report required information to local tax authorities.
Deloitte's International tax professionals offer services that help multinational companies align their tax strategies to their business, through a wide variety of compliance and advisory services.
Professionals in our international tax practices provide a comprehensive range of inbound and outbound tax services, including:
- Compliance and reporting services
- International Strategic Tax Review (ISTR)
- International mergers and acquisitions
- Business Model Optimization (BMO)
- International Expansion Services (IES)
The following insightful applications, prepared by Deloitte Malta professionals, provide information relating to Business Tax Services:
Scope of taxation in Malta: Residence, ordinary residence and domicile. The main features summarised.
The introduction of the participation exemption in 2007 has enhanced Malta’s position as a premier EU holding company location. Whilst there is no specific holding company regime, Malta’s domestic tax system positions Malta as the ideal location for establishing companies for the purpose of holding shares in one or more entities whether located within or outside the European Union. Get a clearer perspective.
The provision of investment services in or from Malta is regulated by the Investment Services Act, and the Investment Services Rules, which implement EC Council Directive 2004/39/EC (MiFID) and certain provisions of EC Council Directive 85/611/EC (‘UCITS’ Directive). We make the complex simple.
Securitisation is an essential means of raising finance and Malta’s flexible framework creates scope for a wide range of transactions in this regard. Maltese law provides for a number of securitisation structures, all of which may benefit from Malta’s fiscal regime while taking advantage of a dynamic business infrastructure and regulatory framework. The complex made simple.
Malta has over the years gained international recognition of being a reputable and robust financial centre. The island recently experienced a rapidly growing and dynamic financial sector in which it hosts a number of worldwide recognised group treasury companies. Malta’s strength as a hub for finance companies is based on the island having an excellent business infrastructure, EU compliant legislation, a sound banking system, a relatively low cost base, an attractive fiscal regime and a highly skilled multilingual workforce. Over the passage of time, the activity of a finance company has moved from traditional loan arrangements to providing more flexible terms of lending to meet the borrower’s needs and at the same time entering into sophisticated and tailor-made financial instruments to hedge and mitigate for any financial risk exposure. Finding solid ground.
Malta’s Companies Act is largely based on English Law and EU directives, and defines the type of Maltese corporate entities or commercial partnerships that may be established. Achieving your vision.
The establishment and administration of trusts in or from Malta is regulated by the Trusts and Trustees Act. A trust may be created in any manner under Maltese law – orally, by unilateral declaration, by an instrument in writing including a will, by operation of the law or by a judicial decision.
The tax implications of a trust would be dependent on various factors, such as, the residence of the parties to the trust, the nature and location of the trust property and the various stages in the life of a trust (settlement of property on trust, administration of trust property, distribution of trust assets, reversion of trust property and the transfer of the beneficial interest in a trust). Recognising the opportunities.
A company formed, incorporated or registered outside Malta may, subject to certain conditions, request to be registered in Malta under the Companies Act, as a company continued to Malta (hereinafter “continuation to Malta”). Conversely, a company registered and incorporated under the Companies Act, may seek to continue to an approved country or jurisdiction outside Malta (hereinafter “continuation from Malta”), subject to certain provisions. Business in motion.
Malta offers a regime with complete tax exemption for ship owners, charterers and financiers of Maltese ships over 1,000 net tons. These ships qualify as ‘exempted ships’. The use of English as an official language in all legislation, very competitive vessel registration charges and Malta’s accession to the European Union has placed Malta in the top five ship registers globally. We help you navigate the rules.