Accelerated tax depreciation for aircrafts

By means of Legal Notice 322 of 2018, the Government of Malta has announced that the number of years over which the following assets may be depreciated has been reduced from 6 years to 4 years.  Aircraft airframes, aircraft engines, aircraft engines or aircraft overhaul and aircraft interiors and other parts.  This will certainly provide […]

Written By ACT Team

On January 21, 2019
"

Read more

By means of Legal Notice 322 of 2018, the Government of Malta has announced that the number of years over which the following assets may be depreciated has been reduced from 6 years to 4 years. 

Aircraft airframes, aircraft engines, aircraft engines or aircraft overhaul and aircraft interiors and other parts. 

This will certainly provide aircraft operators with an added tax benefit as such assets will be depreciated over a shorter period of time. 

How can we help?  

 

For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.   

 

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected]. 

[/db_pb_signup]