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Tax deadlines for the month of May 2024
The following are the tax deadlines for this month. 15th May 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending March 2024 31st May 2024 – Submission by employers of Form FS5 for the month of April 2024 together with...
Amendments to the Income Tax Act
The Government of Malta has by means of ACT X111 of 2024 amended the Income Tax Act. A summary of the main amendments are the following: Expenditure of a capital nature on intellectual property or any intellectual property rights Any expenditure of a capital...
Tax deadlines for the month of April 2024
The following are the tax deadlines for this month. 15th April 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending February 2024 30th April 2024 – Submission by employers of Form FS5 for the month of March 2024 together...
Assistance to Business Start Regulations
The Government of Malta has by means of Legal Notice 49 of 2024 published the above-mentioned rules which are applicable as from 1st January 2024. Where Malta Enterprise Corporation is satisfied that the undertaking is an eligible undertaking as prescribed within the...
Exploring Research Grant Regulations
The Government of Malta has by means of Legal Notice 50 of 2024 published the above-mentioned rules which are applicable as from 1st January 2024. Where Malta Enterprise Corporation is satisfied that an undertaking requires aid to carry out a feasibility study in...
Updates to Nomad Residence permit holders
Residency Malta Agency (RMA) has issued a Circular which announces a number of important updates to both existing holders of and prospective applicants to the Nomad Residence Permit. RMA has revised the Permit’s Eligibility Criteria and as of 1st April, 2024, new...
Research and Development (2024) Regulations
By means of Legal Notice 53 of 2024, the Government of Malta has published the above-mentioned rules which came into force on 1st January 2024. The aim of these rules is for Malta Enterprise to assist undertakings that require assistance to carry out a...
Organisations engaged in philanthropic work exempt from income tax.
By means of Legal Notice 62 of 2024, the Government of Malta has published a notice which mentions the following philanthropic organisations as exempt from income tax. Aditus Foundation Fondazzjoni Dar il-Hena Foodbank Lifeline Foundation Malta KENUP Foundation...
Skills Development (2024) Regulations
By means of Legal Notice 54 of 2024, the Government of Malta has recently published new rules, to relaunch the Skills Development Scheme whose aim is to provide a cash grant or a tax credit to undertakings carrying out or intending to carry out an economic activity...
TAX ADVISORY sERVICES
ACT is a well-known and respected boutique tax advisory firm providing high-quality tax advice to Multinational Enterprises, SMEs including family owned and other owner-manged companies, family offices, trusts, foundations, employees and high net worth individuals.
Corporate Taxation in Malta
Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.
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.
Taking up Residence in Malta
Remote Gaming in Malta
Payment Institutions in Malta
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.