On the 20th January 2021, the Commissioner for Revenue and the Registrar of Companies jointly published a Notice to inform practitioners that on the occurrence of : –
- share transfers, or
- changes in issued share capital/voting rights of companies and other commercial partnerships, where applicable, or
- transfers of interests in partnerships,
which are required to be registered with the International and Corporate Tax Unit (ICTU), the relevant documentation should be delivered to the ICTU prior to being filed with the Malta Business Registry (MBR).
As from the 1st February 2021, this procedure shall also apply to any transfers/changes in respect of which there is a valid determination issued in terms of Article 47 of the Duty on Documents and Transfers Act (DDT 10). Such documentation is to accompanied by the relevant Capital Gains Schedule, auditor’s report and any other documentation as applicable.
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