OECD report shows Malta is tax compliant jurisdiction: official

VALLETTA, Jan.11 (Xinhua) -- The 2017 International Tax Co-Operation Report published by the Organisation for Economic Cooperation and Development (OECD)showed Malta to be a tax compliant jurisdiction ,the Maltese Finance Ministry said on Thursday.

"This is exactly what we have been stating all along in the face of unfair criticism by uninformed or malicious quarters," said Finance Minister Edward Scicluna. "Thus, while we intend to continue to be one of the competitive choices in the Mediterranean for investors, we are resolute to keep to the best international standards on taxation matters."

Furthermore, the ministry said the OECD had recently introduced a "new interactive tax map", providing information on the results of peer review of over 140 countries and regions, and their efforts to address issues related to tax transparency and Base Erosion and Profit Shifting (BEPS).

The ministry stressed that the report highlighted that Malta "was quite successful" in its efforts on the Exchange of Information on Request (EOIR), Automatic Exchange of Information (AEOI), as well as the BEPS .

"With regards to Malta, the OECD indicators show the absences of harmful tax practices in relation to BEPS, as well as a strong commitment in relation to tax cooperation in general," said the ministry, adding that the report had marked Malta as being largely compliant when it comes to the Exchange of Information on Request. Enditem