News

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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01
Dec, 2016

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 ...

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21
Nov, 2016

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 ...

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21
Nov, 2016

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 ...

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21
Nov, 2016

The Key Employee Initiative (KEI)

A new scheme has been introduced for third country national individuals seeking employment and residence in Malta.  The scheme ‘The Key Employee Initiative’ (KEI) has the ai ...

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21
Nov, 2016

Poker Tournament Regulations published

By means of LN 380 of 2016, entitled the Poker Tournament (Locations) Regulations, new regulations have been published in terms of the Gaming Act. The rules are applicable to those operators ...

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15
Nov, 2016

Guidance Note on the acquisition of residential property in Gozo

The Department of Inland Revenue has issued the following guidelines in relation to the announcement made by the Minister of Finance in the Budget Speech for 2017 relating to the acquisition ...

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14
Nov, 2016

MicroInvest Scheme 2015 Deadline for submission extended

The submission deadline for the MicroInvest Scheme 2015 application with respect to qualifying expenditure incurred during 2015 has been extended to 30 November 2016 for eligible small under ...

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14
Nov, 2016

Business Enhance ERDF Grant Schemes Initiative Two new schemes

Two new schemes have recently been launched as part of the Business Enhance ERDF Grant Schemes Initiative: the SME Consultancy Services Grant Scheme and e-Commerce Grant Scheme. The overall ...

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07
Nov, 2016

ACT to take part in the Tax Highlights 2016 A Day Conference

Stephen Balzan and Elaine Camilleri, tax partners of the firm, will both be delivering a presentation during the Tax Highlights 2016, a day conference organized by Society Education which th ...

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02
Nov, 2016

New tax incentives to promote investment on the MSE

During the budget speech for the year 2017, the Maltese Minister for Finance has a few days ago announced a number of fiscal incentives with the aim of promoting investment by the public on ...

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02
Nov, 2016

The EC proposes major tax reform

On October 25, 2016, the European Commission (EC) published plans to overhaul the way in which companies are taxed within the EU, with the aim of delivering a growth-friendly and fair corpor ...

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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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