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Skills Development (2024) Regulations

Skills Development (2024) Regulations

By means of Legal Notice 54 of 2024, the Government of Malta has recently published new rules, to relaunch the Skills Development Scheme whose aim is to provide a cash grant or a tax credit to undertakings carrying out or intending to carry out an economic activity...

Start-up Finance Regulations

Start-up Finance Regulations

By means of Legal Notice 55 of 2024, the Government of Malta has published new rules to aid small start-up undertakings.  Such rules came into effect on the 1stt January 2024.  Malta Enterprise has also published guidelines to establish the parameters of...

Amendments to the Malta Residence and Visa Programme (MRVP) Rules

Amendments to the Malta Residence and Visa Programme (MRVP) Rules

By means of Legal Notice 56 of 2024, the Government has made a number of amendments to the above-mentioned rules. A summary of the main changes can be found below. Residency Malta Agency can withdraw or withhold residency cards if applicant’s dependents are not in...

Amendments to the Malta Permanent Residence Programme Rules

Amendments to the Malta Permanent Residence Programme Rules

By means of Legal Notice 57 of 2024, the Government has made a number of amendments to the above-mentioned rules. A summary of the changes can be found below. Additional dependents of beneficiaries under the MPRP programme can be exempted from having a health...

Widow’s and Survivor’s Pension to be exempt from income tax

Widow’s and Survivor’s Pension to be exempt from income tax

By virtue of Legal Notice 19 of 2024, the Government has amended the Income Tax Exemption Order and has now included the folowing within the said order.  The order mentions a number of allowances and benefits, payable under the Social Security Act, which are...

Double Taxation Agreement with Switzerland

Double Taxation Agreement with Switzerland

By means of Legal Notice 15 of 2024, the Government of Malta has notified for general information that the Protocol amending the Agreement between the Government of Malta and The Swiss Confederation for the Avoidance of Double Taxation with respect to Taxes on Income...

Amendment to the Fringe Benefit Rules

Amendment to the Fringe Benefit Rules

By means of Legal Notice 298 of 2023, the Government of Malta has amended the fringe Benefit Rules.  This amendment to the Fringe Benefits Rules establishes the home loan interest rate, rather than the Main Refinancing Operations rate, as the benchmark rate for...

Income from Artistic Activity Rules

Income from Artistic Activity Rules

By means of Legal Notice 8 of 2024, the Government of Malta has issued the above-mentioned rules in relation to income derived by individuals from a full or part time artistic activity in terms of Article 56(26A) of the Income Tax Act. In terms of the said Article, an...

Amendments to the Deduction (Income from Employment) Rules

Amendments to the Deduction (Income from Employment) Rules

The Government of Malta has by means of Legal Notice 1 of 2024 amended the Deduction (income from Employment) Rules.  The revised rules shall be applicable as from year of assessment 2025. These rules apply to individuals (including any spouse where the...

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TAX ADVISORY sERVICES

ACT is a well-known and respected boutique tax advisory firm providing high-quality tax advice to Multinational Enterprises, SMEs including family owned and other owner-manged companies, family offices, trusts, foundations, employees and high net worth individuals.  

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

Setting up a company in Malta is a relatively straight forward procedure and can be set up within 2 working days, provided we are in receipt of all the information, funds and due diligence documentation we need.

Taking up Residence in Malta

Warm climate, friendly people, excellent communication infrastructures, low criminality and many other features of the Maltese islands have made Malta an excellent destination for people to take up residence in.

Remote Gaming in Malta

Malta was the first EU Member State to specifically regulate the remote gaming industry in 2004 and has ever since established itself as one of the prime jurisdictions for remote gaming operators. The Malta Gaming Authority (“MGA”) is the regulatory of gaming in Malta.

Payment Institutions in Malta

Malta has become a destination of choice for the setting up of Payment Institutions (also referred to as Payment Services Providers or PSPs). A number of advantages have contributed to this success, e.g. fiscal incentives granted.

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.

Initial Coin Offering (ICO) Services in Malta

Malta has always been on the forefront of technology and innovation. A number of initiatives have been launched, aimed at establishing an innovative and attractive regulatory framework for entities operating in the blockchain industry.

Assistance to Family Businesses in Malta

Malta has recently introduced legislation to encourage good governance in the management of family businesses, to assist family businesses to operate in an efficient way and to assist in the transfer of business from one generation to the other.