News

11
Dec, 2017

Double taxation agreement with Ukraine

The Government of Malta has just published the new agreement with Ukraine for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. With res ...

Read More
11
Dec, 2017

Amendment to the 5th Schedule of the VAT Act

By virtue of LN 347 of 2017, item 2 of paragraph (2) of Part 5 of the 5th Schedule has been amended so that food which is served for consumption by any person in the same establishment, shal ...

Read More
11
Dec, 2017

Tax deductions for donations made to the Malta Community Chest Fund (MCCF)

With effect from year of assessment 2015, a deduction against taxable income was introduced in respect of cash donations of not less than €2,000 made by companies to the Malta Community ...

Read More
11
Dec, 2017

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 Friday 22nd December 2017 (afternoon) to Tuesday 2nd January 2 ...

Read More
11
Dec, 2017

Stamp duty reduction on property acquired in Gozo

Persons who acquire residential property in Gozo by the end of 2018 will benefit from a reduction in stamp duty from 5% to 2% provided the promise of sale agreement is registered with the In ...

Read More
04
Dec, 2017

EuropeFides to hold its AGM in Malta in January 2018

ACT are in their final preparations to host the Annual General Meeting of EuropeFides which will be held at the Westin Dragonara Resort St. Julian’s Malta on the 26th and 27th January ...

Read More
04
Dec, 2017

New guidelines issued by the VAT Department to determine the taxable value of ga...

The VAT Department has on the 21st November 2017, issued new guidelines, on the determination of the taxable value of gambling and betting services, that fall within the scope of article 4 o ...

Read More
04
Dec, 2017

New guidelines issued by the VAT Department on sporting facilities

The VAT Department has on the 28th November 2017, issued new guidelines with respect to the reduced rate of 7% on the use of sporting facilities.  The guidelines stipulate that as from ...

Read More
01
Dec, 2017

Discussion paper by the MFSA on ICOs, virtual currencies and related service pro...

The Malta Financial Services Authority (MFSA) has published a discussion paper on initial coin offerings (ICOs), virtual currencies and related service providers. The MFSA has invited intere ...

Read More
27
Nov, 2017

The General Data Protection Regulation (GDPR) Are you ready?

The GDPR is a new EU data protection law that will come into effect on the 25th May 2018 and will be replacing the current Directive (95/46/EC).  The aim of the GDPR is to protect citiz ...

Read More
27
Nov, 2017

The General Data Protection Regulation (GDPR)

The GDPR is a new EU data protection law that will come into effect on the 25th May 2018 and will be replacing the current Directive (95/46/EC).  The aim of the GDPR is to protect citiz ...

Read More
27
Nov, 2017

New Guidelines issued by the VAT Department on supplies relating to Gambling

The VAT Department has on the 21st November 2017 issued new guidelines with respect to supplies related to gambling which with effect from 1 January 2018 shall be exempt without credit suppl ...

Read More
16
Nov, 2017

VAT Grouping in Malta

In the budget speech for 2018, the Minister of Finance has announced that for the first time, Malta will introduce rules which will permit two or more persons to be treated as a single perso ...

Read More
06
Nov, 2017

Audit Report Waiver and Deduction Rules

By means of Legal Notice 306 of 2017, the Government of Malta has issued new rule, in virtue of which a new deduction will be given for income tax purposes to companies which will have effec ...

Read More
30
Oct, 2017

MFSA on investments in virtual currencies

The MFSA is currently considering the manner in which rules may be issued to ensure market integrity and protection to the investor in the context of investments in virtual currencies.  ...

Read More

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...

Learn More

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...

Learn More

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...

Learn More

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...

Learn More

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 ...

Learn More

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...

Learn More

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...

Learn More

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...

Learn More

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...

Learn More

Members of