OrbitaxOrbitax

Ireland and Malta Sign Competent Authority Agreement to Prevent 'Single Malt' Structure

|Treaty Development|Ireland-Malta
Ireland-Malta

Ireland's Department of Finance has announced the signing of a competent authority agreement between the Revenue Commissioners and the Maltese tax authority to prevent ‘Single Malt’ structures. The structure, which is often used by U.S. MNEs to reduce tax liability, involves placing intellectual property in an Irish-incorporated company that is considered resident in Malta based on its place o…

Continue Reading