S.L. 123.189 чл. 8Tax accounts. S.L. 123.101 S.L. 123.101

(1) The principal taxpayer shall be required to allocate the profits attributable to it in terms of these rules to the same tax accounts and in the same manner as it otherwise would have, had it derived those profits directly. The distributable profits of the transparent subsidiaries shall be allocated to the untaxed account.

(2) For the purposes of paragraph (h) of rule 5(3) of the Tax

Accounts (Income Tax) Rules, it shall be deemed that any immovable property situated in Malta that is owned by a company forming part of the fiscal unit is owned by the principal taxpayer.

(3) The principal taxpayer may make an election in terms of rule 9 of the Tax Accounts (Income Tax) Rules and the provisions of that rule shall apply mutatis mutandis to the principal taxpayer and shall be deemed to include also all the other companies forming part of the fiscal unit.