News

01
Oct, 2019

Delta Summit 2019

ACT is proud to announce that it will participate in the Delta Summit taking place in Malta between the 2nd and the 4th of October. Tax partner Stephen Balzan and Stefania Smeralda Baga ...

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09
Sep, 2019

Mistra Heights designated as a Special Designated Area (SDA)

By means of Legal Notice 226 of 2019, the Mistra Heights Project has been designated as an SDA for the purposes of the Immovable Property (Acquisition by Non Residents) Act.  Thus, simi ...

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09
Sep, 2019

MFSA issues circular to VFA Service Providers

The MFSA has on the 6th September 2019 issued a circular to Virtual Financial Asset Service Providers who are currently benefitting from the transitory provisions in terms of Article 62 of t ...

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26
Aug, 2019

Updated MAP Guidelines

The Commissioner for Revenue has updated its guidance on the use of Mutual Agreement Procedure (‘MAP’).  The updated MAP Guidelines provide some additional clarifications to ...

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20
Aug, 2019

Patent Box Regime (Deduction) Rules (continued)

The Government of Malta has by means of Legal Notice 208 of 2019, recently published new rules, introducing a patent box regime on qualifying intellectual property (IP).  The deduction ...

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19
Aug, 2019

BREXIT - Immigration status of British nationals residing in Malta

The Government of Malta has by means of Legal Notice 63 of 2019, recently published new rules, applicable to British citizens residing in Malta on the day the Treaties of the European Union ...

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19
Aug, 2019

Patent Box Regime (Deduction) Rules

The Government of Malta has by means of Legal Notice 208 of 2019, recently published new rules, introducing a patent box regime on qualifying intellectual property (IP).  The deduction ...

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08
Aug, 2019

New Guidelines issued on Duty on Documents

The Commissioner for Revenue has issued new guidelines which clarify that for the purposes of Articles 42(1)(b) and 47 of the Duty on Documents and Transfers Act, the term ‘company&rsq ...

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07
Aug, 2019

Updates to the Notional Interest Deduction (NID) Guidelines

On the 11th of July 2019, the Commissioner for Revenue updated its guidelines on the NID rules.  The updated guidelines include a new paragraph ‘xi’ which refer to deduction ...

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29
Jul, 2019

New double tax treaty with Kosovo

By means of Legal Notice 168 of 2019, the Government of Malta has published the new treaty for the avoidance of double taxation with the Republic of Kosovo.  With respect to dividends ...

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29
Jul, 2019

New Seed Investment Scheme Rules

By means of Legal Notice 170 of 2019, the Government of Malta has published new seed investment scheme (income tax) rules.  The purpose of these rules is to grant tax relief to natural ...

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29
Jul, 2019

Amendments to the Register of Beneficial Owners Regulations

By means of LN 158 of 2019, the Government of Malta has on the 12th July 2019, published amendments to the Companies Act (Register of Beneficial Owners) Regulations.  The amendments see ...

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25
Jul, 2019

New philanthropic organisations exempt from income tax

By means of LN 167 of 2019, the Government of Malta has named five new organisations as being engaged in philanthropic work, and thus exempt from income tax in terms of Article 12(1)(e) of t ...

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23
Jul, 2019

FIAU issues a revised version of the Implementing Procedures Part 1

The FIAU has recently issued a revised version of the Implementing Procedures Part 1.  The  revised version are effective as from 19th July 2019 and reflect a series of legislative ...

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08
Jul, 2019

Voluntary organisations - Declaration of due diligence

All organisations enrolled with the Commissioner for Voluntary Organisations have until the 31st of July 2019 to submit the relevant Declaration of Due Diligence with the Office of the Commi ...

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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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