In order to stimulate the growth of international trade, including financial services, successive Maltese governments have attempted to conclude double taxation agreements with important trading partners as well as with emerging countries. These bilateral agreements resolve the issues of double taxation of passive and active income. Current tax treaties can be found here. Double taxation treaties are treaties between different countries that apply to determine which country should tax certain forms of income and profits. However, the provisions are much broader and can also be used to determine the tax domicile of a person or company. If you wish to provide services from abroad to clients in the UK, it would be beneficial to carefully comply with the terms of a double taxation treaty. In this article, we look at how using double taxation treaties can significantly reduce your UK tax debt. Read more An article titled Malta Double Taxation Convention already exists in stored items Directors who move abroad should make sure they carefully weigh their tax status. In particular, the terms of double taxation treaties can have a significant influence on how directors are taxed. This article discusses the impact of double taxation treaties on foreign-based administrators. Read more The new double taxation agreement between the United Kingdom and the United Arab Emirates entered into force on 25 December 2016.
In this article, we examine in detail the main conditions of the treaty. Read the tax question: A citizen and resident of the United Kingdom currently relies on the double taxation treaty between Great Britain and the United States to treat his British pension in the way it generally corresponds to a pension system set up in the United States, thus excluding pension contributions and growth from the US tax. However, paragraph 1 of Article 1 of the TD-T provides that “except as expressly provided, this Convention shall apply only to persons established in one or two Contracting States”. What would happen to the US taxation of his UK pension if he moved to a third country (for example. B HK), i.e. he is no longer resident in the UK? Thank you. Read more The need for double taxation treaties arises from the fact that many countries tax both the income of their inhabitants and all income generated within their borders. Thus, an inhabitant of a country (France) can be taxed by France on his world income. However, if some of its revenue was generated in the UK, the UK might also want to tax income generated inside the UK. This could have the effect of taxing the same income twice (i.e. UK income). These are double taxation treaties that could provide for either a tax exemption in one country or a tax credit for offsetting the tax debt of the other country.
The general rule is that if you have a UK job, the income from that job is subject to UK income tax. This is valid regardless of your residency status. But that`s not the whole story, as the terms of a UK double taxation treaty will have an impact on this case. .