A Double Taxation Agreement between Austria and Malta has been in force since 1981 and is based on the OECD Model Tax Convention. The Agreement provides for a 15% cap on tax on cross-border dividend distributions between the two states and does not include a shareholding requirement. Tax on cross-border interest payments is capped at 5% and tax on royalty payments may not exceed 10%, and Maltese tax is deemed to have been paid at these rates. Double taxation relief is granted by means of an exemption. However, in the case of dividends, royalties and interest payments, Austria grants a deduction and Malta grants a credit for foreign tax paid.
The Agreement further expressly provides that a dividend distributed by a Maltese company to an Austrian company is exempt from corporation and business tax in Austria where the Austrian company holds at least 25% of the voting power of the Maltese company.
In January 2010, a Malta Business Forum, co-organized by the Embassy of Malta in Vienna and Malta Enterprise, was held in Vienna to promote Malta as an ideal location for business and investment. The initiative granted Maltese businessmen with the opportunity to make connections and interact with more than 120 Austrian entrepreneurs from approximately 70 companies, particularly from sectors such as energy efficient technology, financial services, pharmaceuticals and banking.
Malta's Ambassador to Austria, Mr. Christopher Grima, underlined the strong potential that exists in the development of Malta and Austria, both EU member states, as regional gateways for business and investment to the Mediterranean and North Africa and Eastwards. The Malta Business Forum, which was also supported by Malta's Consular Network in Austria, formed part of the Vienna Embassy’s ongoing activities directed at advancing trade relations between Malta and Austria and to attract new investment to Malta.
[Full List of Malta Double Taxation Agreements]
A Double Taxation Agreement between Austria and Malta has been in force since 1981 and is based on the OECD Model Tax Convention. The Agreement provides for a 15% cap on tax on cross-border dividend distributions between the two states and does not include a shareholding requirement. Tax on cross-border interest payments is capped at 5% and tax on royalty payments may not exceed 10%, and Maltese tax is deemed to have been paid at these rates. Double taxation relief is granted by means of an exemption. However, in the case of dividends, royalties and interest payments, Austria grants a deduction and Malta grants a credit for foreign tax paid.
The Agreement further expressly provides that a dividend distributed by a Maltese company to an Austrian company is exempt from corporation and business tax in Austria where the Austrian company holds at least 25% of the voting power of the Maltese company.
In January 2010, a Malta Business Forum, co-organized by the Embassy of Malta in Vienna and Malta Enterprise, was held in Vienna to promote Malta as an ideal location for business and investment. The initiative granted Maltese businessmen with the opportunity to make connections and interact with more than 120 Austrian entrepreneurs from approximately 70 companies, particularly from sectors such as energy efficient technology, financial services, pharmaceuticals and banking.
Malta's Ambassador to Austria, Mr. Christopher Grima, underlined the strong potential that exists in the development of Malta and Austria, both EU member states, as regional gateways for business and investment to the Mediterranean and North Africa and Eastwards. The Malta Business Forum, which was also supported by Malta's Consular Network in Austria, formed part of the Vienna Embassy’s ongoing activities directed at advancing trade relations between Malta and Austria and to attract new investment to Malta.
[Full List of Malta Double Taxation Agreements]