Taxation of Royalties on Qualifying Literary Works

Taxation of Royalties on Qualifying Literary Works

A flat tax rate of 15% has been introduced with effect from 1st January 2021and applies to royalties derived by individuals in their capacity as authors of qualifying literary work by virtue of their title to the copyright on that work conferred by the Copyright Act....
BUDGET MEASURES IMPLEMENTATION BILL 2022

BUDGET MEASURES IMPLEMENTATION BILL 2022

Following the Budget speech by the Minister of Finance on the 11th October 2021, a Bill has been presented in order to implement Budget Measures for the financial year 2022 and other administrative measures. The following are the main highlights of the said Bill:...
Investment Aid 2021 Regulations

Investment Aid 2021 Regulations

The Investment Aid 2021 Regulations, introduced by L.N. 156 of 2021, provide assistance in the form of tax credit or a cash grant to qualifying undertakings. The aim of the scheme is to encourage the setting up of new establishments and the expansion and development...