The Commissioner for Revenue (CfR) has recently published new guidelines in connection with the Consolidated Group (Income Tax) Rules. These guidelines include aspects such as the registration process and the eligibility to form or leave a fiscal unit. (i)...
By means of LN 191 of 2020, new rules have been introduced with effect from 1st January 2020 with respect to the assignments of rights acquired on or after this date in terms of a promise of sale agreement of immovable property situated in Malta. For an assignment to...
By means of LN 128 of 2018, new regulations have been introduced with effect from the first of May 2018 with the purpose of providing for the taxation and certain other matters relating to shipping organisations. Tonnage Tax Ship and Union Ship Defined For the...
The Organisation for Economic Cooperation and Development (OECD) has recently issued a report addressing the tax implications that COVID-19 will have on cross border employment. Governments across the world (including Malta) have launched a number of...
The Patent Box Regime Rules, implemented through Legal Notice 208 of 2019, apply to income derived from qualifying intellectual property on or after the 1st of January 2019. A qualifying Intellectual Property (IP) is a patent which could either be already...
The Government of Malta has, by means of ACT VIII of 2020 published various important provisions in Malta’s fiscal legislation, which implement the key measures announced by the Minister of Finance in his budget speech of October 2019. A summary of the most...
The Government has yesterday evening announced a substantial increase in the financial assistance to those businesses who are being mostly hit by the current COVD-19 outbreak. This follows the measures announced last week by the same Government which can be accessed...