Malta's Commissioner for Revenue has issued draft Transfer Pricing Rules for public consultation that are meant to apply for financial years commencing on or after 1 January 2024. The consultation period will end on 28th February 2022. --- 1. Background The Maltese government is committed to implement specific transfer pricing rules in accordance with the current global standards related to the arm’s length principle as part of Malta’s Recovery and Resilience Plan that was agreed with the EU Commission in September 2021 and approved by ECOFIN in October 2021. Furthermore, the Commissioner for Revenue has received various representations from the...