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SME Fund to Protect Trademarks and Designs
The SME Fund is a new scheme managed by the European Union Intellectual Property Office (EUIPO) and its objective is to financially support SMEs (small and medium sized enterprises) that wish to protect their trademarks and designs. The SME Fund, which is only...
Wage Supplement Scheme 2021
This new wage supplement scheme is targeted to assist businesses and self-employed who were mostly hit by the pandemic The new wage supplement scheme aims to cover employees that have been replaced during Summer 2020. The scheme is granted to businesses who have...
Tax rebate to pensioners
By means of LN 460 of 2020, the Government of Malta has amended The Tax Rebate (Pensioners) Rules. These rules are applicable to individuals who are in receipt of income from any pension chargeable to tax under Article 4(1)(d) of the Income Tax Act, Chapter 123...
Amendment to the Deduction (Income from Employment) Rules
By means of LN 462 of 2020, The Government of Malta has revised the Deduction (Income from Employment) Rules (S.L. 123.149), increasing the annual income requirement threshold from €9,840 to €9,930. The revised provision applies with effect from year of assessment...
Protocol amending the double taxation treaty between Malta and Russia
By means of LN 464 of 2020, the Government of Malta has notified that the Protocol amending the Convention with the Russian Federation for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income will enter into force on...
National minimum wage for the year 2021
By means of LN 467 of 2020, the Government of Malta has notified that with effect from 1st January 2021, the national minimum wage per week for whole time employees shall be as follows: Age 18 years and over Eur181.08Age 17 years Eur174.30Under 17 years...
Wage increase for the year 2021
By means of LN 468 of 2020, the Government of Malta has notified that with effect from 1st January 2021, the wages of whole time employees shall be increased by Eur1.75 per week.
Tax returns for fiscal units
The Commissioner for Revenue has notified that the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit are now available for download. Although such returns may be...
EU Tax Transparency rules to be extended to digital platforms
EU Member States have agreed to extend EU tax transparency rules to digital platforms. Following the proposal made by the Commission in July as part of the Action Plan for Fair and Simple Taxation, the agreed proposal on administrative cooperation will...
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.