Malta removed from Italy’s CFC blacklist
On the 27th of July 2010, the Italian Ministry of Finance has signed a decree removing Malta from Italy’s list of black-listed jurisdictions applicable to its controlled foreign company (CFC) legislation.
This positive development should encourage more flows of capital and investment between these two States and moreover the use of the Maltese jurisdiction for diligent tax planning and structuring.
Malta currently has a double tax treaty in force with Italy which was signed on 16th of July 1981.
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