Cap. 123 Art. 93Amountofflat-rate foreign tax credit.

(1) The flat-rate foreign tax credit shall be twenty-five per cent of the income or gains receivable by the company within the provisions of article 92, before any deductions or payments whatsoever are made from the said income or gains.

(2) In the case of income comprising dividends, capital gains, interest, royalties, rents and other income which are receivable by a company resident in Malta and derived, where applicable, from investments situated outside Malta, the flat-rate foreign tax credit 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 payments whatsoever are made.