Final Tax Account (FTA)

• Profits subjected to final tax and derived from sale of immovable property situated in Malta taxed at 12% of sales value.
• Certain Business Promotion Act profits.
• Any distributions from this account:
•  
• do not carry imputation tax credits,
• are not subject to tax in the hands of the recipient, and
• do not need to be disclosed in the relevant tax return.

For further information about how Zammit & Associates – Advocates can help you with your corporate tax requirements kindly contact us on tax [at] zammit-law [dot] com