News

12
Jun, 2017

Malta signs Multilateral Convention to Implement Tax Treaty Related Measures to ...

On the 7th of June 2017, Malta has together with other 75 countries, signed or formally expressed their intention to sign the multilateral convention to implement tax treaty related measures ...

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12
Jun, 2017

New Tax Credits to Students

A new Legal Notice (LN 175 of 2017), entitled ‘Deductions and Tax Credits (Relevant Qualifications for Industry) Rules has been issued which provides for a tax credit of up to 70% of t ...

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08
Jun, 2017

Income Tax Returns YA 2017 for Individuals

The deadline for the submission of personal income tax returns for basis year 2016 (year of assessment 2017) is the 7th July 2017, while payments of any tax due must be made by not later tha ...

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29
May, 2017

Tax Credits for Micro Enterprises and the Self-Employed

By means of LN 140 of 2017, the Tax Credits for Micro Enterprises and the Self-Employed Regulations were amended so that family businesses as defined in the Family Business Act may with effe ...

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29
May, 2017

Micro Loan Guarantees

By means of LN 143 of 2017, the Micro Loan Guarantee Regulations were amended so that family businesses as defined in the Family Business Act may also be able to benefit from such loan guara ...

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29
May, 2017

Reduced rate of stamp duty for family businesses

Legal Notice 131 of 2017 entitled ‘Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order, 2017, provides for a reduction in the stamp du ...

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10
Apr, 2017

Business Enhance ERDF Grant Schemes – Cut off dates

The Measures and Support Division, as the Intermediate Body  responsible for administering aid schemes for enterprises under the European Regional Development Fund (ERDF 2014-2020) has ...

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10
Apr, 2017

OECD releases additional guidance on implementation of CbC reporting (BEPS Actio...

On April 6, 2017, the OECD released additional guidance to provide essential information on implementation of the Country-by-Country (CbC) reporting (BEPS Action 13). The updated CbC guidan ...

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30
Mar, 2017

Provision of a new service through the use of digital marketing

ACT is proud to announce that Growth Gurus has become one of its corporate partners. ACT and Growth Gurus have agreed to collaborate together to advise and assist their respective clients i ...

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30
Mar, 2017

ACT approved as Corporate Advisor for MSE’s Prospects platform

ACT Prospects Limited, a company which forms part of the ACT group of companies has recently been approved by the Malta Stock Exchange to act as a Corporate Advisor on its ‘Prospects&r ...

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13
Mar, 2017

MGA introduces new regulations for Skill Games

Earlier on this year, the Government of Malta has issued Legal Notice 31 of 2017 entitled Skill Games Regulations, 2017.  These new regulations are applicable to skill games which ...

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27
Feb, 2017

New philanthropic organizations exempt from income tax

By means of Legal Notice 65 of 2017, the Minister of Finance has named the following organizations engaged in philanthropic work as being exempt from income tax in terms of Article 12(1)(e) ...

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20
Feb, 2017

Deduction claim on fees paid for school transport

Parents who during the year 2016, paid transport fees in respect of their children under sixteen years of age attending church schools or private schools are allowed a deduction against thei ...

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20
Feb, 2017

Deduction claim on fees paid for sports activities

Individuals who during the year 2016, paid fees in respect of their children under sixteen years of age who attended sports activities, can claim a deduction against their own personal incom ...

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20
Feb, 2017

Deduction claim on fees paid for Cultural and Creative Courses

Individuals who during the year 2016, paid fees in respect of their children under sixteen years of age for cultural and creative courses, can claim a deduction against their own personal in ...

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Corporate Taxation
in Malta

Maltese companies are subject to tax at the rate of 35% on their world wide income and capital gains.   Malta grants various fiscal incentives to both companies and their shareholders upon distribution of a dividend.  Malta is a membe...

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Setting up a Company
in Malta

Setting up a company in Malta is a relatively straight forward procedure and can be set up within 2 working days, provided we are in receipt of all the information, funds and due diligence documentation we need. The Act that regulates Malte...

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Taking up Residence
in Malta

Warm climate, friendly people, excellent communication infrastructures, low criminality and many other features of the Maltese islands have made Malta an excellent destination for people to take up residence in. Moreover low rates of taxati...

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Remote Gaming
in Malta

Malta was the first EU Member State to specifically regulate the remote gaming industry in 2004 and has ever since established itself as one of the prime jurisdictions for remote gaming operators. The Malta Gaming Authority (“MGA”) is the regulatory of gaming in Malta. The success o...

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Payment Institutions
in Malta

Malta has become a destination of choice for the setting up of Payment Institutions (also referred to as Payment Services Providers or PSPs).  A number of advantages has contributed to this success, mainly but not limited to the fiscal incentives granted not only to the payment institutions ...

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Electronic Money Institutions
in Malta

Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta.  This has been largely due to the growth in the e-commerce and the i-gaming industries.  Such EMIs are regulated by the Financial Institutions Act and t...

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Initial Coin Offering (ICO) Services
in Malta

Malta has always been on the forefront of technology and innovation.  In the past months, a number of initiatives have been launched, aimed at establishing an innovative and attractive regulatory framework for entities operating in blockchain (and distributed ledger technologies), virtual cu...

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Prospects – Services of a Corporate Advisor
in Malta

‘Prospects’ is a new platform set up by the Malta Stock Exchange in line with its commitment to open up new capital market opportunities, create economies of scale and to afford businesses more competitiveness and sustainability.  Through ‘Prospects’, SME’s wil...

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Assistance to Family Businesses
in Malta

Malta has recently introduced legislation to encourage good governance in the management of family businesses, to assist family businesses to operate their business in an efficient way and to assist such family businesses to transfer their business from one generation to the other.  Malta is...

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