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

Tax deadlines for the month of September 2022

Tax deadlines for the month of September 2022

The following are the tax deadlines for this month. 15 September 2022 – Submission of VAT returns together with the relative payment in respect of the quarter ending July 2022 30 September 2022 – Online submission of income tax returns in respect of year of assessment...

Tax deadlines for the month of August 2022

Tax deadlines for the month of August 2022

The following are the tax deadlines for this month. 30 August 2022 – Online submission of income tax returns in respect of year of assessment 2022 by companies whose accounting year ended on 30 September 2021 31 August 2022 – Submission by employers of Form FS5 for...

Companies to provide the MBR with an electronic email address

Companies to provide the MBR with an electronic email address

The Malta Business Registry (MBR) has issued a notice on its website informing all companies that they have up to the 30th of September 2022 to provide the MBR with an adequate email address that is accessible to all company officers.  This can be done by filing an...

Annual Report & Financial Statements for 2021

Annual Report & Financial Statements for 2021

The Malta Financial Services Authority has published its Annual Report & Financial Statements for 2021.  In the report, the MFSA looks back at its achievements and key projects undertaken throughout the course of last year. Click here to download a copy of the...

Allowable deductions surrendered under the Group Relief Provisions

Allowable deductions surrendered under the Group Relief Provisions

Article 16 to 22 of the Income Tax Act Chapter 123 of the Laws of Malta (hereinafter referred to as the ‘ITA’), referred to as ‘The Group Relief Provisions’  contemplates the possibility for companies forming part of the same group (as defined in Article 16 of...

New appointments at ACT!

New appointments at ACT!

The company is pleased to announce the following three appointments. Christabel Spiteri has been appointed director of the company after having followed the necessary procedures with the MFSA.  The MFSA has after a thorough procedure, approved the company’s...

Tax Deadlines for the month of July 2022

Tax Deadlines for the month of July 2022

The following are the tax deadlines for this month. 29 July 2022 – Online submission of income tax returns in respect of year of assessment 2022 by companies whose accounting year end is between the 31 January 2021 and the 31 August 2021 31 July 2022 – Submission by...

Tax deadlines for the month of June 2022

Tax deadlines for the month of June 2022

The following are the tax deadlines for this month. 30 June 2022 – Submission by employers of Form FS5 for the month of May 2022 together with the relative payment of FSS, national insurance and maternity fund contributions 30 June 2022 – Manual submission of income...

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.