Large companies on Malta routinely paying as little as 5% tax on their profits, according to Green MEPs. Photograph: John Kellerman/Alamy. Location of Malta (Green circle). – in Europe – in the European Union (light green) – [Legend]. Capital, Valletta · 35°54′N 14°31′E / °N °E Largest city : Birkirkara. Provides an overview of Malta, including key events and facts about this Located south of the Italian island of Sicily between Europe and. Gross domestic product GDP: What were you looking for? Home Menu Search Home About the EU Basic information The EU in brief Countries EU symbols Money and the EU Facts and figures European years History EU Presidents. International edition switch to the UK edition switch to the US edition switch to the Australia edition. Official languages are Maltese and English. Jennifer Rankin in Brussels.