News

08
Jan, 2020

Transposition of the Tax Intermediaries Directive

The Cooperation with Other Jurisdictions on Tax Matters Regulations have been revised by virtue of Legal Notice 342 of 2019 which was published on 17 December 2019. The amendments, ...

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16
Dec, 2019

Amendment to the Tax Rebate (Pensioners) Rules

The Government of Malta has recently published Legal Notice 326 of 2019 to increase the maximum amount of tax rebate available to persons chargeable to tax at the rates specified under artic ...

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25
Nov, 2019

Amendments to the NID Guidelines

The Guidelines in relation to the Notional Interest Deduction (NID) rules have been revised and a new paragraph has been added to the rules. The new paragraph (xii) entitled: Attributio ...

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25
Nov, 2019

New VAT rules for SMEs agreed

The Council of the EU has reached an agreement on the amendments to the VAT Directive in relation to SMEs. The objective of the amendments is to reduce the administrative burden and complian ...

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25
Nov, 2019

VAT on education services

The Malta Government has on the 19th November 2019, published Legal Notice 302 of 2019 which amended Item 12(1) of Part 2 of the Fifth Schedule to the VAT Act. The revised provision extends ...

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25
Nov, 2019

VAT: reduction of rate of interest

The Malta Government has on the 19th November 2019, published Legal Notice 303 of 2019 which with effect from the 1st January 2020 will reduce the rate of monthly interest on unpaid vat paya ...

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25
Nov, 2019

Malta Kosovo Double Tax Treaty

The Malta Government has published Legal Notice 280 of 2019 which notified the entry into force, on the 20th September 2019, of the Convention between the Government of the Republic of Malta ...

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25
Nov, 2019

Qualifying Employment in Innovation and Creativity (Personal Tax) Rules

The Malta Government has on the 5th November 2019, published Legal Notice 282 of 2019, which revised the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules, which shall ...

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25
Nov, 2019

Payment of PT rules - Change in additional tax on unpaid provisional tax

The Malta Government has on the 19th November 2019, published Legal Notice 304 of 2019 which amends the Payment of Provisional Tax Rules. A new proviso to Rule 14(1) provides that in respect ...

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01
Nov, 2019

Brexit Support Scheme Regulations 2019

The Government of Malta has issued new rules to provide assistance to SME undertakings that operate in Malta and which have a significant dependency on the British market in terms of import ...

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22
Oct, 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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22
Oct, 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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21
Oct, 2019

Budget 2020 - Measures related to employment

The Ministry of Finance has on Monday 14th October 2019 delivered the Budget Speech for the year 2020.  The following are the measures announced in the budget speech which are related t ...

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21
Oct, 2019

Budget 2020 - Measures related to immovable property

The Ministry of Finance has on Monday 14th October 2019 delivered the Budget Speech for the year 2020.  The following are the measures announced in the budget speech in relation to immo ...

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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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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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