News

13
Jun, 2016

EC publishes working paper on State aid and tax rulings

In June 2016, the EC published a working paper on State aid and tax rulings. The working paper provides a brief summary on the measures taken by the EC so far in respect of the tax ruling p ...

Read More
06
Jun, 2016

Amendments to the Eco Contribution Act

As from 1st June 2016, eco-contribution is chargeable with respect to accommodation, whether provided for a consideration or otherwise, in any premises which, for the purpose of providing th ...

Read More
06
Jun, 2016

Personal Tax Returns YA 2016

The Inland Revenue Department is currently submitting the personal income tax returns to individual taxpayers for basis year 2015 (year of assessment 2016). How we can assist? Our tax team ...

Read More
02
Jun, 2016

ACT 2016 ANNUAL DAY CONFERENCE

ACT is pleased to announce that it will be organizing an annual day conference for all its members of staff.  The event will be held on Monday 4th July 2016 at The Westin Dragonara Reso ...

Read More
01
Jun, 2016

Qualifying Employment in Aviation (Personal Tax) Rules

By means of Legal Notice 177 of 2016,  the Authority for Transport in Malta has been designated as the authority responsible for determining the eligibility or otherwise of an individua ...

Read More
01
Jun, 2016

Malta Residence and Visa Programme (MRVP) Submission of Applications

Identity Malta, which is the Government entity entrusted with the processing of the MRVP applications has started to accept applications as from Monday the 23rd of May 2016. The MRVP rules ...

Read More
13
May, 2016

ACT expands its services in the CIS region

ACT is pleased to announce that it has entered into a collaboration agreement with Malta VIP Limited to establish ACT MaltaVIP Limited.  The purpose of this collaboration is for the new ...

Read More
12
May, 2016

OECD releases discussion draft on the treaty residence of pension funds

Earlier on this year, the OECD published a discussion draft that includes proposals for changes to the OECD Model Tax Convention concerning the treaty residence of pension funds.  The d ...

Read More
12
May, 2016

EC proposes public CbC tax transparency rules for MNEs

The European Commission has last month introduced a proposal to amend the Accounting Directive (Directive 2013/34/EU) in order to create public country-by-country tax transparency rules for ...

Read More
09
May, 2016

Tax incentives applicable to donations to Culture

In order to foster further partnership between Malta’s corporate and cultural sectors, the Maltese Government has recently announced some amendments to the tax incentives applicable to ...

Read More
04
May, 2016

Lower rate of tax on rental income

In terms of Article 31D of the Income Tax Act, any persons in receipt of rental income from a residential tenement (being a tenement that is used as a residence or a garage by an individual ...

Read More
03
May, 2016

New Aviation Leasing Guidelines issued by the VAT Department

The Malta VAT Department has issued new guidelines with respect to the VAT treatment of aircraft leasing.  The new guidelines replace the previous guidelines which were issued in Octobe ...

Read More
11
Apr, 2016

Student Internship Programme for Summer 2016

ACT is welcoming Accountancy University students who are ambitious and motivated to join our Student Internship Programme for summer 2016.  ACT would like to give such students the oppo ...

Read More
04
Apr, 2016

2018 General Assembly of EuropeFides to be held in Malta

ACT is pleased to announce that the Management Committee of EuropeFides have accepted our invitation to organize its Annual General Assembly of 2018 in Malta.  Dates have yet to be anno ...

Read More
28
Mar, 2016

Two New Tax Guidelines Immovable Property Settled on Trust

The Maltese Inland Revenue Department has recently published two Guidelines to clarify any restrictive interpretation which might have been given with respect to immovable property which wou ...

Read More

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 More

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...

Learn More

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...

Learn More

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...

Learn More

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 ...

Learn More

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...

Learn More

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...

Learn More

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...

Learn More

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...

Learn More

Members of