Page 180 - Group Insurance and Retirement Benefit IC 83 E- Book

C. Registration of Beneficiaries

Pursuant to the above, beneficiaries receiving retirement benefits considered to be a

pension arising in Malta are required to register for Maltese income tax purposes and to
submit an annual tax return in terms of Article 10 of the Income Tax Management Act.

These returns will also need to include details of any tax withheld at source on the
distribution under the provisions of Article 73 of the Income Tax Act or, if distributed

free of withholding tax due to the provisions of a double tax treaty, then details of the

treaty benefits being claimed would need to be provided, together with evidence of the
tax residence of the recipient. Such evidence should ideally be in the form of a tax

residence certificate issued by the tax authority of the jurisdiction in which the
beneficiary is resident. Where it is not possible to procure such a certificate, the evidence

may take the form of a declaration by the beneficiary to the trustee supported by relevant
documentation (e.g. utility bills excluding mobile telephones).