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SME Fund to Protect Trademarks and Designs

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

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

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

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

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

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

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

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 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

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.

Prospects – Services of a Corporate Advisor in Malta

‘Prospects’ is a new platform set up by the Malta Stock Exchange in line with its commitment to open up new capital market opportunities, create economies of scale and to afford businesses more competitiveness and sustainability.

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.