News

01
Mar, 2018

Qualifying employment in innovation and creativity

By means of LN 68 of 2018, the Government of Malta has extended the applicability of these rules by another year up to 31st December 2018. For further information please visit our website t ...

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01
Mar, 2018

Assistance to disadvantaged persons to commence their own business

By means of LN 66 of 2018, the Government of Malta has issued new rules which are aimed at providing assistance to disadvantaged persons to start their own business. The manner in which suc ...

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01
Mar, 2018

Tax deduction for transportation costs

By means of LN 67 of 2018, the Government of Malta has issued new rules which provide for a tax deduction to undertakings carrying out a trade or business that incur costs for the transporta ...

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26
Feb, 2018

ACT to organise seminar on the General Data Protection Regulation (GDPR)

ACT will on the 23rd March 2018 be organising a morning seminar on the GDPR to the firm’s clients and to those whose business will be effected by the new regulation.  The main aim ...

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21
Feb, 2018

Determination of the Reference Rate for the purposes of the Notional Interest De...

The Inland Revenue Department has issued a guideline for the purposes of determining the reference rate in connection with the NID rules.  In terms of the Rules, the interest on risk ca ...

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21
Feb, 2018

Amended guidelines regarding VAT treatment of yacht and aircraft leasing

The Commissioner for Revenue has published an amended version of the guidelines regarding the VAT treatment of yacht and aircraft leasing. In terms of the amended guidelines, the manner in w ...

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20
Feb, 2018

Distributed Ledger Technology - Malta Legislative Framework

On 16th February 2018, the Government of Malta launched a consultation period on the establishment of an Authority to be known as the Malta Digital Innovation Authority (MDIA) and the framew ...

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19
Feb, 2018

Tax rebate for pensioners

By means of LN 22 of 2018, the Government has amended LN 42 of 2017 which had originally introduced new tax rebates for pensioners in line with what was announced in the Budget Speech for 20 ...

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19
Feb, 2018

Amendments to the Tax Accounts (Income Tax) Rules

By means of Legal Notice 38 of 2018, the Government of Malta has amended the Tax Accounts (Income Tax) Rules which were originally issued by means of Legal Notice 79 of 2008 as subsequently ...

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19
Feb, 2018

New Notional Interest Deduction Rules issued

By means of Legal Notice 37 of 2018, the Government of Malta has issued new rules which provide for a notional interest deduction (NID) against the chargeable income of an undertaking for su ...

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19
Feb, 2018

Amendments to the Capital Gains Rules

By means of Legal Notice 379 of 2017, the Government of Malta has made a number of amendments to the Capital Gains Rules, which were originally issued by means of Legal Notice 102 of 1993 as ...

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16
Feb, 2018

Amendments to the Qualifying Employment in Aviation (Personal Tax) Rules

By means of Legal Notice 378 of 2017, the above-mentioned rules (which were originally issued by means of Legal Notice 177 of 2016 as amended by Legal Notice 1 of 2017) were once again amend ...

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16
Feb, 2018

Tax rebate for pensioners

In 2017, the Government had introduced new tax rebates for pensioners in line with what was announced in the Budget Speech for 2017.  This new measure ensured that pensioners whose pens ...

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12
Feb, 2018

The FIAU and the MGA publish a revised consultation document on the application ...

The Financial Intelligence Analysis Unit (FIAU) and the Malta Gaming Authority (MGA) have issued a revised Consultation Document on the application of anti-money laundering and combatting th ...

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30
Jan, 2018

ACT hosts the general meeting of EuropeFides in Malta

On the 26th and 27th January 2018, ACT hosted the Annual General Meeting of EuropeFides at the Westin Dragonara Resort in St. Julian’s Malta. EuropeFides is an international network ma ...

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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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