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Malta and U.S. Double Taxation Treaty August 2008 Malta and the U.S. signed a new tax treaty on August 8, 2008. The treaty provides for elimination of withholding on dividend payments to pension funds. The withholding tax rates for interest royalties and other income are 10%. Malta Income Tax JANUARY 2007 In 2007, Malta's corporate tax rate remains the same as in 2006, 35%. For individuals, the tax rates for 2007 are 15%, 25% and 35%. The tax exempt income for individuals in 2007 is MTL 3,250. Malta Income Tax OCTOBER 2006 According to Malta's 2007 budget the personal tax exempt income would be MTL 3,250, compared to MTL 3,100 in 2006. There would be only 3 tax rates for individuals, 15%, 25% and 35%, compared to the present 5 tax rates in 2006. Malta Income Tax JANUARY 2006 From 1.1.2006 individuals having an employment income ,derived mainly outside Malta, will pay in Malta, subject to certain conditions, a flat income tax rate of 15%. Malta V.A.T. JANUARY 2004 From 1.1.2004 the new standard v.a.t rate in Malta is 18%(previous rate-15%).

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