News

19
Jan, 2016

Intax Expo Global Summit 2016

ACT is proud to announce its participation as a sponsor in the upcoming Intax Expo Global Summit 2016, to be held on the 14th and 15th of March 2016 in Dubai. Mr Stephen Balzan, the firm&rs ...

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21
Dec, 2015

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 Wednesday 23rd December (afternoon) to Friday 1st January 2016 ...

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11
Dec, 2015

Cross border tax rulings

On 6 October 2015, the EU Council reached a political agreement on a directive aimed at improving transparency in the assurances given by member states to companies about how their taxes are ...

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11
Dec, 2015

Malta and Curacao sign double tax agreement

The Maltese Ministry of Finance announced that Malta and Curaçao signed a Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion wit ...

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01
Dec, 2015

The Tax Challenges of the Digital Economy

In the coming months, the tax department of ACT will be writing weekly articles on the tax challenges of the digital economy.  These weekly short articles (not more than 400 words) will ...

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25
Nov, 2015

Business START

Malta Enterprise Corporation (ME) has recently launched a new scheme: Business START.  This scheme is  aimed at assisting micro start-up undertakings that carry on an eligible acti ...

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13
Nov, 2015

New treaty in force with Mauritius

By virtue of Legal Notice 362 of 2015, it has been established that the Agreement between the Government of Malta and the Government of the Republic of Mauritius for the Avoidance of Double ...

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12
Nov, 2015

Savings Directive repealed

The directive (2003/48/EC), which since 2005 has allowed tax administrations better access to information on private savers, was repealed on 10 November 2015 by the EU Council. Repeal o ...

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04
Nov, 2015

Guidance Notes issued by the IRD on the First Time Buyers Scheme

Following the Budget Speech for the year 2016, in connection with the extension of the scheme for the relief from duty for First Time Buyers (FTB) from the 30th June 2015 to the 31st Decembe ...

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04
Nov, 2015

Stephen Balzan Tax Partner ACT speaks at a tax conference

Stephen Balzan, Tax Partner ACT was invited as a guest speaker to speak at a day conference, organised by Society Education.  Stephen delivered a presentation on the recent tax updates ...

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23
Sep, 2015

ACT becomes an ICAEW Authorised Training Principal

ACT is pleased to announce that with effect from the 18th of August 2015, it has been authorized by the ICAEW as an ACA Training Principal.  ICAEW is The Institute of Chartered Accounta ...

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17
Sep, 2015

Lower rate of interest for late payment of income tax

By virtue of Legal Notice 295 of 2015, the rate of interest for late payment of income tax has been reduced from 0.75% per month to 0.54% per month or part thereof with effect from the 1st d ...

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01
Sep, 2015

The Malta Residence & Visa Programme Regulations

By virtue of a Legal Notice, issued in August 2015, the Government of Malta has issued new regulations in terms of The Malta Residence & Visa Programme Regulations. These regulations wil ...

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21
Aug, 2015

Maternity Leave Payments

By means of Legal Notice 258 of 2015, a Maternity Leave Fund has been launched as from 6th July 2015.  Prior to the introduction of the new rules, employers that employ women had to pa ...

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27
Jul, 2015

Amendments to the Highly Qualified Persons Rules

Malta’s beneficial tax scheme for Highly Qualified Persons employed in the financial services, aviation and gaming sectors has been extended.  The said extension applies only to E ...

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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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