News

FSS Forms – Updated

The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules and the Covid19 Wage Supplement. The revised forms can be downloaded from here. Guidance on the rules and changes can be downloaded...

Foreign Direct Investment (FDI) in Malta

FDI contributes to the EU’s growth by enhancing its competitiveness, creating jobs and economies of scale, bringing in capital, technologies, innovation, expertise, and by opening new markets for the EU’s exports.  The EU has thus felt the need to address and...

Private Residential Leases (Tax Rebate) Rules, 2020

Introduced by means of Legal Notice 258 of 2020, such rules apply to income derived on or after 1st January 2020 from a private residential lease. Such lease must be of a duration of at least 2 years and is registered with the Housing Authority as a long private...
Tax on Overtime Rules

Tax on Overtime Rules

Earlier on this year Article 90B was introduced in the Income Tax Act (ITA), which provided that with effect from 1st January 2010, an individual can opt to have his qualifying overtime income be subject to tax at the a reduced rate of 15. LN 245 of 2020 has now...

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Gozo Teleworking Scheme

Gozo Teleworking Scheme

A teleworking scheme for individuals residing in Gozo and who work for the private sector from home has been launched on the 25th of May 2020. The purpose of the new financial aid measure is to encourage Malta based businesses to offer teleworking facilities for...

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