Malta continues to demonstrate it is ‘Jurisdiction of Choice’ for the QROPS industry, with the recent implementation of two new Double Tax Treaties with both India and Mexico. This follows on from the implementation of the DTA with Israel late last year.
Both treaties enshrine the taxing rights of pension income to the state in which the pension scheme member is resident.
This brings to 66 the number of DTAs that Malta has implemented, with a further ones in the pipeline.
Bethell Codrington, Global Head of Pensions and Chairman of MARSP (Malta Association of Retirement Scheme Practitioners), said: “This is excellent news for Malta as it opens up two large new markets for the highly regulated, independently audited and tax compliant offerings from providers based on the Island”.
Full details of all the Treaties can be found here.
For further information on TMF Group Pension Solutions, please contact internationalpensions@tmf-group.com.