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MBR GUIDANCE ON REGISTER OF BENEFICIAL OWNERS OF COMMERCIAL PARTNERSHIPS
The Malta Business Registry (MBR) has on the 5th October 2020, published new guidance on the Register of Beneficial Owners of Commercial Partnerships. The guidance provide an overview of the requirements in terms of the Companies Act (Register of Beneficial Owners)...
EXPLANATORY NOTES PUBLISHED BY THE EU COMMISSION ON THE NEW VAT E-COMMERCE RULES
On the 30th of September 2020, the European Commission has published explanatory notes on the new VAT e-commerce rules. The notes are intended to provide an explanation of the amendments to the legislation which will be applicable as from the 1st July 2021. They...
Commissioner for Revenue publishes new guidelines on the ATAD Implementation Regulations
On 31 August 2020, the Commissioner for Revenue published a set of guidelines in relation to the Anti-Tax Avoidance Implementation Regulations. The guidelines on the ATAD Implementation Regulations were issued in line with the provisions of article 96(2) of the...
Electricity Bill Refund
On the 27th August 2020, Malta Enterprise has launched the Electricity Bill Refund Scheme whereby businesses eligible for the Wage Supplement Scheme can now benefit from an assistance of 50% of the electrical power bills for the months of July, August and September...
Fiscal Unit Tax Payment and Registration Deadlines
The Commissioner for Revenue has notified that the tax payment deadline of eighteen months following the end of the accounting period, applicable to companies in possession of a determination under the relevant paragraphs of Article 47 of the Duty on Documents and...
Deadline for applying for Fiscal Unity extended to 30 September 2020
The Commissioner for Revenue has notified that the deadline for applying for fiscal unity in respect of Year of Assessment 2020 is being extended from 31 August 2020 [as communicated in the Guidelines in relation to the Consolidated Group (Income Tax) Rules] to 30...
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...
Corporate Taxation in Malta
Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.
Setting up a Company in Malta
Taking up Residence in Malta
Remote Gaming in Malta
Payment Institutions in Malta
Electronic Money Institutions in Malta
Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries.