News

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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20
Feb, 2017

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 ...

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11
Jan, 2017

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 ...

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11
Jan, 2017

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 ...

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11
Jan, 2017

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 ...

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10
Jan, 2017

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 ...

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12
Dec, 2016

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 ...

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05
Dec, 2016

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. ...

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05
Dec, 2016

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 ...

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05
Dec, 2016

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 ...

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05
Dec, 2016

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 ...

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05
Dec, 2016

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 ...

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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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