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Amendment to the Exemption from Tax on Certain Property Transfers Rules
By means of LN 129 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 said...
Amendment to the Exemption of Duty in terms of Article 23 Order
By means of LN 130 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 ‘inter...
EU CONSULTATION ON EXTENDING DAC TO CRYPTO-ASSETS AND E-MONEY
The EU Commission has launched a public consultation on a proposal to expand the Directive on Administrative Cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and e-money. The objective of the...
AMENDMENTS TO THE REVENUE ACTS
Act VIII of 2021 was published on 12 March 2021 which introduces a series of amendments to a number of fiscal laws such as the Income Tax Act, the Income Tax Management Act, the Duty on Documents and Transfer Act and the Value Add Tax Act The amendments are intended...
Company Service Providers (Exemption) Regulations
The Government of Malta has published Legal Notice 105 of 2021 which provides for a list of persons who will be exempt from seeking authorization from the MFSA to act as company service providers, thus being exempted from complying with the provisions of the Act. The...
Act L of 2020 comes into force – Amendments to the Company Service Providers Act
The amendments to the Company Services Providers Act came into force on the 16th March 2021 which amongst others provide for the removal of exemptions applicable to certain warranted professionals, who were not required to be registered with the competent...
Capital Allowances for Car Parks
The Commissioner for Revenue has published a new Guidance Note regarding Capital allowances in respect of Car Parks. The definition of “industrial building or structure” in article 2 of the Income Tax Act includes a car park that satisfies all the following...
Compliance monitoring by the CfR
The Office of the CfR has announced that, as part of its compliance monitoring, entities in scope of the Cooperation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) that will be receiving a formal letter from the Commissioner for Revenue are expected...
Tax rebate on private residential leases
The Office of the CfR has announced that persons who derive income from a private residential lease which is registered with the Housing Authority as a long lease, are eligible for a tax rebate against the tax chargeable on such rental income. 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.