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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...
Amendments to the Register of Beneficial Owners Rules
By virtue of Legal Notice 247 of 2020, the Maltese Government has amended the rules relating to the register of beneficial owners. The main amendments are as follows: All companies registered in Malta, must on each anniversary of their registration, make a...
Final Settlement System (FSS) (Amendment) Rules 2020
The FSS rules were recently amended by virtue of the publication of Legal Notice 246 of 2020. The new rules, which are effective as from 1st January 2020 complement the rules which were also issued earlier on this year with respect to the 15% reduced rate of tax on...
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...
COVID 19 measures – Exemption from Tax on Certain Property Transfers Rules 2020
After the Maltese Government has announced a recovery package with the aim of restoring the economy following the effect of the COVID-19 pandemic, new rules have now been published to give effect to the various measures. By means of LN 241 of 2020, the Government...
Updates to the Guidelines on the Consolidated Group (Income Tax) Rules
On the 3rd of June 2020, the Commissioner for Revenue (CfR) issued updated guidelines to the Consolidated Group (Income Tax) Rules. The original guidelines had been issued earlier on this year. The first update concerns the fact that prior to the...
Amendments to the Tax Credit (Construction Waste Recycling) 2020-2023 Rules
Earlier on this year, the Government of Malta had by means of Legal Notice 179 of 2020 issued new rules granting a tax credit to authorized persons who are in possession of a permit issued by the Environment and Resources Authority for the acceptance in their quarry...
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.