ATAD

At CSB Group we understand that things can become rather complex when dealing with International Tax regulations and different Jurisdictions. Our team of professionals, can guide you with the best taxation approach in order to achieve a comprehensible tax optimisation scenario.

International Tax – ATAD 

Tax Avoidance has changed the international tax environment as we know it, predominantly due to finalisation of the OECD’s Base Erosion Profit Shifting (BEPS) Project. The BEPS Project lead to a domino effect across all countries to modify their tax laws and curb tax avoidance. In this respect, the EU introduced the Anti-Tax Avoidance Package , which is the European Commission's ambitious agenda for fairer, simpler and more effective corporate taxation in the EU. It follows that an imperative part of the Anti-Tax Avoidance Package is the Anti-Tax Avoidance Directive (ATAD), laying down rules against tax avoidance practices that directly affect the functioning of the internal market.  

The ATAD was transposed into Maltese Law by virtue of Subsidiary Legislation 123.187 European Union Anti-Tax Avoidance Directives Implementation Regulations , which lays down five (5) important instruments to minimise tax avoidance, namely: 

1. 1. Interest deduction limitation (effective as from 1 January 2019)
      
      
   2. Exit taxation (effective as from 1 January 2020)
      
      
   3. Controlled foreign company rules (effective as from 1 January 2019)
      
      
   4. General Anti-Avoidance Rules (effective as from 1 January 2019)
      
      
   5. Anti-hybrid mismatch rules applicable to both EU and third countries (effective as from 1 January 2020.

We understand that tax compliance with European and International Tax rules may be an arduous task however CSB’s Tax Advisory Team is composed of highly skilled professionals and EU and International Tax Experts, including lawyers and accountants, which would be able to advise you in the best possible way in order to tax optimise your tax affairs, in compliance with the ATAD and the Maltese Tax Regulations.