Trusts & Fiduciary Services
Trusts in Malta are regulated by the Trusts & Trustee Act, 2004.
In Malta the taxation of trusts is a comprehensive issue particularly due to the fact that the ‘trust’ is not an entity but a relationship. The tax treatment is dependent on a number of factors including the nature of the trust income and the residency of the beneficiar-ies in question.
As a general rule, the Malta Income Tax Act specifies that where at least one of the trustees of a trust is a person resident in Malta, tax shall be payable on any income attributable to a trust. Malta tax legislation de-fines “income attributable to a trust” as the
The advantage of settling a trust in Malta include:
- favourable taxation in certain circumstances,
- confidentiality,
- control of assets.