Income Tax Act (Cap. 123), article 93

93. (1) The flat-rate foreign tax credit shall be twenty-five per cent of the income or gains receivable by the company within th e provisions of article 92, before any deductions or payments whatsoever are made from t he said income or gains. (2) In the case of income comprising dividends, capital gains, interest, royalties, rents and o ther income which are receivabl e by a company resident in Malta and derived, where applicable, from investments situated outside Malta, the flat-rate foreign tax c redit shall be computed on the amount receivable, after deducting any foreign tax (charged directly or by way of withholding) but before any other deductions or paym ents whatsoever are made. Operation of the flat-rate foreign tax credit. Added by: XVII. 1994.33.