News

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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20
Oct, 2014

Exemption on income or gains from a permanent establishment situated outside Mal...

A company that is registered in Malta is entitled to claim an exemption from tax in respect of income that is attributable to a permanent establishment of the said company that is situated o ...

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13
Oct, 2014

ACT appointed Accredited Agent

ACT appointed Accredited Agent by Identity Malta to handle IIP applications The Malta Individual Investor Programme (IIP) Rules facilitates the acquisition of Maltese citizenship by investm ...

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29
Sep, 2014

New Incentive Guidelines Malta Enterprise

New Incentive Guidelines by Malta Enterprise Malta Enterprise Corporation has recently issued Incentive Guidelines with respect to Investment Tax Credits for the years 2014 to 2010.  I ...

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19
Aug, 2014

The Residence Programme Rules 2014

By virtue of two Legal Notices, the Government of Malta has replaced the High Net Worth Individual Rules for EU/EEA and Swiss nationals with the Residence Programme Rules.  These rules ...

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06
Aug, 2014

EU-Wide interconnection of Insolvency Registers

The European Commission has recognised the need to facilitate cross-border insolvency procedures by making access to information on insolvency available through a single point of reference.& ...

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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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