S.L. 123.89 ст. 2Registration of trust by trustee. Cap. 123. Cap. 123. Cap. 123. Cap. 371. Cap. 376

(1) Trustees of a trust that are persons resident in Malta have the obligation to ensure that such trust is registered for the purposes of the Income Tax Acts. Such registration is to be made on Form Trusts 01 contained in Schedule 1 within thirty days from the date of appointment of the first trustee that is a person resident in Malta, or from the date of publication of these regulations, whichever is the later date. The said form shall be signed by each of the trustees of such trust that are persons resident in Malta, and such resident trustees shall have the joint obligation to submit the said form to the Commissioner: Provided that the provisions of this subregulation do not apply to those cases referred to in article 27D(3)(b) and (c) of the Income Tax Act.

(2) An election for the purposes of the treatment of the income attributable to a trust as income derived by a company ordinarily resident and domiciled in Malta, as provided for in article 27D(1) of the Income Tax Act, shall be made on Form Trusts 01 contained in Schedule 1.

(3) An application to the Commissioner for a determination under the provisions of article 27D(2) of the Income Tax Act shall be made within thirty days from the date of appointment of the first trustee that is a person resident in Malta, and that is in possession of a valid licence issued in terms of the Banking Act or of the Financial Institutions Act on Form Trusts 01 contained in Schedule

1.