The main conclusion of the OECD peer review on Malta was that the Malta tax system is in full conformity with the requirements related to international transparency standards and exchange of information.
The Forum analysing the countries under scrutiny checks how they are faring with the international standards that fall under its remit. This positive conclusion further attests to Malta’s reputation as a strong, law-abiding jurisdiction.
In its Report, the OECD outlined that the Malta tax authorities have broad access to information for exchange of information purposes pursuant to income tax laws, including bank and accounting information, stressing that “adequate rights and safeguards are in place to guarantee an effective exchange of information”.
The report welcomes the fact that Malta is committed to the international standards of transparency and effective exchange information, having a broad network of EOI instruments with 82 jurisdictions, covering all relevant partners. It further highlights that such agreements protect the confidentiality of the information received and provide for appropriate rights and safeguards.
