Beneficial owners eligible for tax relief – Maltese debt securities

03.04.2024

The following types of beneficial owners are recognised for tax purposes in Malta:

Debt securities

Beneficial owner

Tax rate

Non-residents – all

0%

Maltese residents – individuals

15% a or 0%

Maltese residents – legal entities (other than funds)

15% a or 0%

Maltese residents – legal entities – prescribed investment funds

10%

Maltese residents – legal entities – non-prescribed investment funds

0%

Undisclosed

15%

a. Even if clients hold Maltese debt securities on behalf of a Maltese tax resident beneficial owner that is subject to the maximum default withholding tax rate of 15% through LuxCSD, the respective client must disclose to LuxCSD the details of the beneficiary resident in Malta since such disclosure is required by the local Central Security Depository for reporting purposes.