News 

Latest News

Read all about ACT and relevant news from advisory, corporate, tax and other related services.

Budget 2022 – 50% reduction in stamp duty and tax on capital gains

Budget 2022 – 50% reduction in stamp duty and tax on capital gains

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. The Minister announced that stamp duty and tax on capital gains on acquisitions and disposals of property (up to the first Eur200,000) which have been rented out...

Budget 2022 – VAT refunds on qualifying properties

Budget 2022 – VAT refunds on qualifying properties

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. With effect from 12 October 2021, persons who will own or who already own qualifying properties, may benefit from a VAT Refund of up to €54,000 on the first...

Budget 2022 – Grant to first time buyers

Budget 2022 – Grant to first time buyers

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. First time buyers buying qualifying properties will receive a grant of €15,000, which will be increased to €30,000 in respect of properties situated in Gozo....

Budget 2022 – Cost of Living Allowance

Budget 2022 – Cost of Living Allowance

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. Cost of living adjustment will be Eur1.75 per week. Which will be applicable to all employees, pensioners and those entitled to social benefits.  Students...

Budget 2022 – Tax free pension income

Budget 2022 – Tax free pension income

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. In a bid to encourage pensioners to continue working beyond retirement age, with effect from the year 2022 and gradually over a 5 year period, pension income will...

Budget 2022 – Exemption on pension income

Budget 2022 – Exemption on pension income

Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. Pensioners will be entitled to a higher pension income which will be exempt from tax.  The maximum amount of pension income will be increased to...

Filing of financial statements with the MBR by shipping companies

Filing of financial statements with the MBR by shipping companies

The Malta Business Registry has just informed practitioners that the declaration by the directors that must be attached with the financial statements to be filed in accordance with Regulation 64 (1) of the Merchant Shipping (Shipping Organisations – Private Companies)...

Extension to the exemption of duty in terms of Article 23 order

Extension to the exemption of duty in terms of Article 23 order

By means of LN 324 of 2021, the Government of Malta has amended the above-mentioned rules, which were originally issued in 2020 after announcing a recovery package with the aim of restoring the economy following the effect of the COVID-19 pandemic The transfer...

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.

Prospects – Services of a Corporate Advisor in Malta

‘Prospects’ is a new platform set up by the Malta Stock Exchange in line with its commitment to open up new capital market opportunities, create economies of scale and to afford businesses more competitiveness and sustainability.

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.