By virtue of Legal Notice 437 of 2020, the granting of Maltese Citizenship by Naturalisation for Exceptional Services by Direct Investment (ESDI), as regulated by the Maltese Citizenship Act (CAP. 188), has been recently introduced in...
By means of Act No. L of 2020, the Government of Malta has published an Act to amend the Company Service Providers Act (Chapter 529 of the Laws of Malta). The provisions of the Act are not yet in force and they shall come into force on such date or dates as the...
Following the Budget Speech by the Minister of Finance last month, a new legal notice L.N.427 of 2020 has been introduced, bringing into effect the following changes and extensions to the current stamp duty regulations. Second Time Buyers Scheme The stamp duty...
Following last week’s budget speech for the year 2021, the Government has published the bill which will implement the budget measures for next year. The following are the salient income tax and stamp duty measures which are being proposed in this bill....
On the 19th of October 2020, Minister of Finance Hon. Prof. Edward Scicluna presented the Budget for 2021 to the House of Representatives. The following are the main highlights of the said budget. Tax implications on the transfer of Immovable Property The reduced rate...
In addition to the Electricity Refund Scheme, Malta Enterprise has on the 2nd of September 2020 launched the Rent Refund Scheme, whereby undertakings that operate from a business premises will be supported with a refund on their rent expense. This scheme is available...
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