€455.8 million assets are regularised under investment registration scheme

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€455.8 million assets are regularised under investment registration schemeThe Ministry of Finance has advised that the 2014 Investment Registration Scheme, which expired on the 30th of November 2014, attracted a total of 1469 valid registrations covering an aggregate of €455.8 million worth of eligible assets.

Of the total amount registered, €69.8 million or 15% of the total was repatriated following registration, the Ministry said.

Registration fees received by the Government, after netting out the commission payable to registration agents, amounted to €32 million.

The Scheme was launched in July 2014 to provide individuals and companies resident in Malta with the opportunity to regularise their position under the Income Tax Act in respect of their holdings of eligible assets derived from undeclared income.

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