bulletEDITOR'S PICKS

 

Former IFS Qatar chief fined but contests ‘inaccurate portrayal’

From Middle East Sep 17 2014 @ 10:45

A former chief executive of International Financial Services in Qatar fined and banned by...
view article

Qatar Investment Fund share price jumps alongside country’s GDP

From Middle East Sep 16 2014 @ 16:45

The Qatar Investment Fund (QIF) saw its share price rise by over a quarter last year,...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Hypa Asset Management to launch Global High Income Fund

Hypa Asset Management to launch Global High Income FundHypa Asset Management, formerly Hypa Management, has announced the launch of its...
view article

Former IFS Qatar chief fined but contests...

From Middle East Sep 17 2014 @ 10:45

Three left-of-centre entry points to...

From Products Sep 17 2014 @ 10:39

MORE FROM Products

LATEST NEWS

Ogier appoints tax partner for Luxembourg

Ogier appoints tax partner for LuxembourgOffshore law firm Ogier has appointed a tax partner for its Luxembourg office.
view article

McNish leaves FPI to re-join Zurich

From People Sep 16 2014 @ 17:36

Qatar Investment Fund share price jumps...

From Middle East Sep 16 2014 @ 16:45

MORE FROM People

LATEST NEWS

Marlborough sets up distribution team for Europe and Middle East

Marlborough sets up distribution team for Europe and Middle East  Marlborough International Management has appointed a trio of international sales...
view article

First Names Group appoints UK managing director

From People Sep 16 2014 @ 12:32

Retirees plan £3bn spending spree next April

From Retirement Sep 16 2014 @ 12:09

MORE FROM People



Mark Battersby

Malta signs up to FATCA

From Tax & Regulation Dec 17 2013 BY: Mark Battersby , Editor , International Adviser

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


Malta has become the latest country to sign a FATCA intergovernmental agreement with the US.

The island jurisdiction, noted for its high number of double taxation agreements, negotiated individually with the US in order to conclude a FATCA agreement after the European Commission’s attempts to adopt a common approach for all states did not work.

Malta’s minister for finance Edward Scicluna and US ambassador Gina Abercrombie–Winstanley signed the Foreign Account Tax Compliance Act yesterday.

Abercrombie–Winstanley said the signing marked a “significant step forward in our countries’ efforts to work collaboratively to combat offshore tax evasion”.

Scicluna said: “The OECD Global Forum ‘Report on Transparency and Exchange of Information for Tax Purposes’ has shown that Malta effectively is largely compliant, similar to the US, UK and Germany.”

He also highlighted that the soon-to-be launched Investment Registration Scheme is meant to give the opportunity to Maltese citizens to voluntarily comply and disclose their previously undeclared investments before the tax authorities act on the information received from abroad.

Earlier this week, Jersey, Guernsey and the Isle of Man all signed intergovernmental agreements with the US to implement the Foreign Account Tax Compliance Act.

Meanwhile, Malta's Green Party revealed this week that the European Parliament will next month consider the issue of EU countries offering residency and citizenship to non-EU nationals in exchange for money.




 

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin




TAGS: fatca, malta

COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...