Cap. 123 Art. 61Definitions.

For the purposes of articles 62 to 69:

(a) a "recipient" shall mean:

(i) a person, other than a company, resident in

Malta in the year in which a dividend is received by him or by any person on his behalf; or

(ii) a non-resident person (including a non-resident company) who is owned and controlled by, directly or indirectly, or who acts on behalf of, an individual who is ordinarily resident and domiciled in Malta; or

(iii) a trustee of a trust where the beneficiaries of such trust are persons referred to in subparagraphs (i) and (ii); or

(iv) an EU/EEA individual (and his or her spouse where applicable) in the circumstances envisaged by the first and second provisos to article 56(1)(c);

(b) an "untaxed dividend" shall mean a dividend paid by a company resident in Malta to the extent that it is paid out of distributable profits allocated to its untaxed account.