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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
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
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
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
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
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
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
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...
Extension to the exemption from tax on certain property transfers rules
By means of LN 325 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 In terms of the...
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.