by ACT Team | Nov 25, 2019 | News
The Malta Government has on the 19th November 2019, published Legal Notice 303 of 2019 which with effect from the 1st January 2020 will reduce the rate of monthly interest on unpaid vat payable in terms of Article 21(4) of the VAT Act from 0.54% to 0.33%.
by ACT Team | Nov 25, 2019 | News
The Guidelines in relation to the Notional Interest Deduction (NID) rules have been revised and a new paragraph has been added to the rules. The new paragraph (xii) entitled: Attribution of the Deemed Interest Income on Alternative Bases states...
by ACT Team | Nov 25, 2019 | News
The Council of the EU has reached an agreement on the amendments to the VAT Directive in relation to SMEs. The objective of the amendments is to reduce the administrative burden and compliance costs for SMES, and in particular addresses SMEs operating in a...
by ACT Team | Nov 1, 2019 | News
The Government of Malta has issued new rules to provide assistance to SME undertakings that operate in Malta and which have a significant dependency on the British market in terms of import and export. The aid will consist of a cash grant covering 50% of the...
by ACT Team | Oct 22, 2019 | News
The Government of Malta has by means of Legal Notice 208 of 2019, recently published new rules, introducing a patent box regime on qualifying intellectual property (IP). The deduction is applicable to qualifying income derived from qualifying intellectual...
