Latest News

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

Amendments to the Register of Beneficial Owners Rules

Amendments to the Register of Beneficial Owners Rules

By virtue of Legal Notice 247 of 2020, the Maltese Government has amended the rules relating to the register of beneficial owners.  The main amendments are as follows: All companies registered in Malta, must on each anniversary of their registration, make a...

Final Settlement System (FSS) (Amendment) Rules 2020

Final Settlement System (FSS) (Amendment) Rules 2020

The FSS rules were recently amended by virtue of the publication of Legal Notice 246 of 2020.  The new rules, which are effective as from 1st January 2020 complement the rules which were also issued earlier on this year with respect to the 15% reduced rate of tax on...

Tax on Overtime Rules

Tax on Overtime Rules

Earlier on this year Article 90B was introduced in the Income Tax Act (ITA), which provided that with effect from 1st January 2010, an individual can opt to have his qualifying overtime income be subject to tax at the a reduced rate of 15. LN 245 of 2020 has now...

Gozo Teleworking Scheme

Gozo Teleworking Scheme

A teleworking scheme for individuals residing in Gozo and who work for the private sector from home has been launched on the 25th of May 2020. The purpose of the new financial aid measure is to encourage Malta based businesses to offer teleworking facilities for...

COVID-19 Wage Supplement for May

COVID-19 Wage Supplement for May

Businesses who wish to apply for the COVID-19 wage supplement for the month of May, are being requested to do so by the end of this week. Although no particular deadline for submission is set on Malta Enterprise’s website, it is stated that ‘Applications submitted as...

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.