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Kirk A Davenport of Latham & Watkins, and Melanie F Dolan and Yuki Hayashi of KPMG provide practical help in charting a course through US financial statement requirements

In Malta the corporate tax rate and the highest personal tax rate are both 35%, but Malta has the full-imputation tax system. Through this system, tax paid at the company level is regarded as a prepayment for the tax payable by the shareholder when the profits are eventually distributed. After the dividends are paid, the 35% paid by the company is given as credit for the shareholder's tax, whether they are resident in Malta or not. If the shareholder's personal tax rate is lower than 35%, they qualify for a refund of corporate tax. The full-imputation system reduces tax-induced economic distortions and avoids the double taxation of corporate profits.

Certain transactions of Czech corporations and limited liability companies may only be made with the consent of the general meeting of the respective company and under arm's length terms. They include: (i) entering into an agreement on provision or acceptance of a loan from related persons (members of statutory bodies, proxies, attorneys-in-fact, or their close relatives); (ii) securing obligations from related persons; or (iii) transferring assets to related persons free of charge. This limitation also applies to entities that are authorized to act on behalf of related persons.

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