News

23
Dec, 2014

The new Personal Retirement Scheme Rules 2014

Earlier on this year, the Maltese Government launched the Third Pillar Pension Scheme, paving the way for low income earners to start saving for their retirement. A new Article 57 has been ...

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23
Dec, 2014

The new Individual Savings Account Rules 2014

Recently a new exemption from income tax has been added to list of exemptions.  The new exemption was introduced by means of Act XXXVII of 2014 which amended the Income Tax Act Cap. 123 ...

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01
Dec, 2014

Donations to the Malta Community Chest Fund

A new legal notice has been issued in respect of which donations made to the Community Chest Fund during the year ended 31st December 2014, will be allowed as a deduction against the chargea ...

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27
Nov, 2014

Malta voted as the Most Favoured Fund Domicile in Europe

For the second consecutive year, Malta has been voted as Most Favoured Domicile in Europe at the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014. The European Fund of Hedge ...

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24
Nov, 2014

Malta Government launches Third Pillar Pension Schemes

Last week, the Maltese Government launched the Third Pillar Pension Scheme, paving the way for low income earners to start saving for their retirement. The introduction of the Third Pillar ...

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24
Nov, 2014

Rulings on Income Tax and Duty

Rulings on Income Tax and Duty Treatment to apply to demergers, amalgamation and reorganizations as well By means of Legal Notice 410 of 2014, the Rulings (Income Tax and Duty Treatment of ...

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24
Nov, 2014

Double taxation agreement with Mauritius

Malta has signed a double taxation agreement with Mauritius on 15th October 2014 in New York, which was published by means of Legal Notice 409 of 2014.    Article 10 of the t ...

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14
Nov, 2014

ACT Tax Partners to deliver lectures on international tax

Stephen Balzan and Elaine Camilleri – Tax Partners ACT, will from the 14th November 2014 to the 19th December 2014, be delivering a series of five lectures on international taxation as ...

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10
Nov, 2014

2015 VAT amendments to affect the Online Gaming Industry in Malta

On 1 January 2015 the final set of changes introduced by the so-called EU “VAT Package” enters into force. With effect from that date, the place of taxation for Value Added Tax ( ...

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10
Nov, 2014

EU Commission presents options for simpler and more robust future VAT regime

The European Union Commission has presented a number of options on how to ensure a simpler, more effective and more fraud-proof VAT system tailored to the Single Market in the EU. These have ...

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10
Nov, 2014

Malta signs Multilateral Agreement on Automatic Exchange of Tax Information

Malta has joined 50 states and jurisdictions in signing a Multilateral Agreement on Automatic Exchange of Tax Information.  The agreement was signed in Berlin under the aegis of the OEC ...

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06
Nov, 2014

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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06
Nov, 2014

OECD/BEPS: Release of discussion draft on Action 7 (Prevent the Artificial Avoid...

On 31 October 2014, OECD has invited public comments on a discussion draft which includes the preliminary results of the work carried on with respect to issues related to the artificial avoi ...

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06
Nov, 2014

MOSS – How can we help?

ACT is now in a position to advise and assist you on the new EU VAT rules that will come into force with effect from 1st January 2015 How can we assist?  We can - Provide you wit ...

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22
Oct, 2014

VAT – Changes in the ‘place of supply rules’ with effect from 1 January 2015

As from 1st January 2015, all telecommunication, broadcasting and electronically supplied services provided to final customers within the EU shall be subject to VAT in the jurisdiction where ...

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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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