News
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 ...
Tax rebate for pensioners
By means of LN 42 of 2017, the Government has introduced new tax rebates for pensioners in line with what was announced in the Budget Speech for 2017. This new measure will ensure that ...
Acquisitions of immovable property situated within an Urban Conservation Area
By means of Legal Notice 3 of 2017, the rules applicable to the stamp duty payable on the acquisition of immovable property situated within a development area known as an Urban Conservation ...
Amendments to the Highly Qualified Persons Rules
By means of Legal Notice 7 of 2017, the rules applicable to the taxation of employment income derived by certain Highly Qualified Persons as defined were amended. By virtue of such rules, c ...
Amendments to the Donations to the Malta Community Chest Fund Rules
By means of Legal Notice 2 of 2017, the rules applicable to donations made to the Malta Community Chest Fund (MCCF) were amended so that these would apply to donations made until 31st Decemb ...
Amendments to the Qualifying Employment in Aviation (Personal Tax) Rules
By means of Legal Notice 1 of 2017, the above-mentioned rules (which were originally issued by means of Legal Notice 177 of 2016) were amended. The new amendments came into force on th ...
Notice of office closure
ACT would like to inform their esteemed clientele that their offices will be closed as follows during the festive season: From Friday 23rd December 2016 (afternoon) to Monday 2nd January 20 ...
New VAT rules for cross border E-commerce
On the 1st December 2016, the European Commission (EC) published its legislative proposal to change the VAT rules for online sales of goods and services in Europe, over the 2018-2021 period. ...
The Proposed 5th Anti-Money Laundering Directive
The European Commission (EC) has proposed amendments to the Fourth Anti-Money Laundering Directive (4th AMLD) to further strengthen EU rules on anti-money laundering, to counter terrorist fi ...
Maltese Passport is the Ninth Most Powerful Passport in the World
Passport Index has declared the Maltese passport as the ninth most powerful in the world in its 2016 ranking of passports worldwide. Passport Index ranks the world’s passports by analy ...
New tax guidelines issued in connection with business interests outside Malta
The Inland Revenue Department has recently issued new tax guidelines in connection with the stamp duty determinations given to companies in terms of Article 47 of the Duty on Documents and T ...
Extension of the Malta VAT exemption
In terms of Legal Notice No. 383 of 2016, the VAT exemption of investment scheme management services as provided by item 3(6), Part Two of the Fifth Schedule to the Malta VAT Act was amended ...
OECD BEPS Multilateral Instrument text published
On November 24, 2016, the OECD published a press release that more than 100 jurisdictions have concluded negotiations on a multilateral instrument (MLI) that will swiftly implement a series ...
Corporate Income Tax Returns YA 2016
The deadline for the online submission of corporate income tax returns for basis year 2015 (year of assessment 2016) is the 30th November 2016 for those companies which have a December year ...
EU VAT Action Plan supported by Malta
The Maltese Minister of Finance, the Hon Prof Edward Scicluna, has in a recent VAT and EU Conference organised by the Malta Institute of Management stated that Malta will be supporting the V ...
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...
Learn MoreSetting 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...
Learn MoreTaking 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...
Learn MoreRemote 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...
Learn MorePayment 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 ...
Learn MoreElectronic 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...
Learn MoreInitial 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...
Learn MoreProspects – 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...
Learn MoreAssistance 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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Malta Office
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