Malta’s revenue commissioner released an updated version of the Notional Interest Deduction (NID) Guidelines on 8 August 2018.
The guidelines pertain to the Notional Interest Deduction Rules, 2018, which are effective from fiscal year 2018. For the purpose of calculating the NID, the reference rate must be determined by reference to the risk-free rate published by the Central Bank of Malta for the end of the quarter falling on the same day as the end of the relevant undertaking’s accounting period. Further, the NID may be claimed only if it is demonstrated that all shareholders or partners of the undertaking approve the claim for the deduction for the particular tax year.
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