On 18 November 2022 Malta published Legal Notice 284 of 2022 whereby transfer pricing rules are implemented into its legislation.
The new rules will come in to effect 1 January 2024 in relation to transactions/arrangements entered into on or after that date. For arrangements that have been entered into before that date, the rules will only apply to transactions/arrangements that are materially altered on or after that date.
The new transfer pricing provisions will apply to cross border transactions/arrangements carried out between associated parties having 50% or more of common direct or indirect control.