Beneficial owners eligible for tax relief – Maltese debt securities (CBL)
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 Clearstream Banking, the respective client must disclose to Clearstream Banking the details of the beneficiary resident in Malta since such disclosure is required by the local Central Security Depository for reporting purposes.