News 

Latest News

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

Malta’s new insolvency framework

Malta’s new insolvency framework

Malta has in December of 2022 introduced a new insolvency framework by publishing two new sets of legislation namely ‘The Insolvency Practitioners Act’ and ‘The Pre-Insolvency Act’ while amending the Commercial Code.   The aim of this is to provide a more reliable...

Tax deadlines for the month of February 2023

Tax deadlines for the month of February 2023

The following are the tax deadlines for this month. 15 February 2023 – Submission by employers of Forms FS 3 and 7 for the calendar year 2022 28 February 2023 – Submission by employers of Form FS5 for the month of January 2023 together with the relative payment of...

Deduction (income from Employment) Rules

Deduction (income from Employment) Rules

The Government of Malta has by means of Legal Notice 4 of 2023 amended the Deduction (income from Employment) Rules.  The revised rules shall be applicable as from year of assessment 2024. These rules apply to individuals (including any spouse where the responsible...

Tax deadlines for the month of January 2023

Tax deadlines for the month of January 2023

The following are the tax deadlines for this month. 31 January 2023 – Submission by employers of Form FS5 for the month of December 2022 together with the relative payment of FSS, national insurance and maternity fund contributions 31 January 2023 – Manual submission...

CFR CLARIFICATION ON ‘RECOGNISED STOCK EXCHANGES’

CFR CLARIFICATION ON ‘RECOGNISED STOCK EXCHANGES’

The Office of the CfR has in November 2022 issued a guidance note which clarifies which stock exchanges are to be recognised by the CfR for the purposes of the Income Tax Acts and the Duty on Documents and Transfers Act: These are: Stock exchanges that are...

Transfer Pricing Rules

Transfer Pricing Rules

By means of LN 284 of 2022, the Government of Malta has published the Transfer Pricing Rules, which will be effective as from 1st January 2024. For a summary of the main provisions of such rules, please read our article by visiting our website in the articles and...

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.