News

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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06
Aug, 2014

One-Stop Shop for Third Country Nationals

The Employment and Training Corporation (ETC) and Identity Malta (IM) has introduced a one-stop shop application service for Third Country Nationals (TCNs) seeking to reside in Malta for the ...

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06
Aug, 2014

ACT to participate in the Stockholm Property Fair

Stephen Balzan and Liana Falzon will be representing ACT Malta in Kistamässan in the northern part of Stockholm and will be participating in the Property Fair which will be held on the ...

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04
Aug, 2014

Taxation of Investment Committee Members’ Fees

The Institute of Financial Services Practitioners (IFSP) has recently set out its understanding of the tax treatment derived by non-Maltese resident members o ...

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21
Jul, 2014

Reduced rate of tax on rental income derived from immovable property

The Budget Measures Implementation Act 2014 provides for a reduced rate of tax of 15% on gross rental income derived from residential immovable property.  The reduced rate of tax is a f ...

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07
Jul, 2014

Stephen Balzan attends the half yearly meeting of EuropeFides in Milan

Stephen Balzan, the partner in charge of the firm’s tax and corporate services attended the half yearly meeting of EuropeFides which was held on the 4th and 5th July 2014 in Milan. Eur ...

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01
Jul, 2014

Asset Registration Programme

The Government of Malta has in June 2014 launched the Asset Registration Programme.  This will provide individuals with the possibility to register any undeclared assets.  Such ass ...

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16
Jun, 2014

Shift of burden of proof on to the tax authorities

A recent decision by the Administrative Review Tribunal (ART) involving additional tax imposed by the Maltese tax authorities has shifted the burden of proof on the tax authorities, while ta ...

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02
Jun, 2014

New Malta-Russia Double Tax Treaty

A new double tax agreement between Malta and Russia has now entered into force.  The agreement was signed on 23 April 2013. The treaty provides for reduced rates of withholding taxes o ...

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01
Jun, 2014

Malta signs tax treaty with Moldova

Malta and Moldova signed a double taxation agreement.  The agreement was signed on 10 April 2014 between Foreign Minister George Vella and his Moldovian ...

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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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