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Tax deadlines for the month of January 2024
The following are the tax deadlines for this month. 15 January 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending November 2023 31 January 2024 – Submission by employers of Form FS5 for the month of December 2023...
Tax deadlines for the month of December 2023
The following are the tax deadlines for this month. 21 December 2023 – Payment of provisional tax due by companies and self-employed persons in respect of year of assessment 2024 31 December 2023 – Payment of Class II national insurance contributions due by...
Pillar 2
The Minister of Finance has in his Budget Speech for the year 2024 announced that Malta will apply the derogation provided for in the EU Minimum Tax Directive and therefore will delay the introduction of the 15% minimum tax rate for companies forming part of a group...
Extension of the Get Qualified and Higher Education schemes
The Minister of Finance has in his Budget Speech for the year 2024 announced that tax credits will continue to be provided to students studying for a Masters Degree or Doctorate and benefiting from the Get Qualified and Higher Education Qualification schemes.
Fiscal incentives for highly qualified persons
The Minister of Finance has in his Budget Speech for the year 2024 announced that the current fiscal incentives applicable to certain highly qualified persons will be revised and harmonised to cater for the skills required by the Maltese economy.
Extension of the reduced rate of tax on income derived from sports activities
The Minister of Finance has in his Budget Speech for the year 2024 announced that the 7.5% rate of tax on income derived by players, licensed coaches and athletes will be extended to other persons engaged in sports activities.
Incentives on property restoration
The Minister of Finance has in his Budget Speech for the year 2024 announced that: Incentives for persons buying or selling property which is more than 20 years old and has been vacant for more than 7 years or where the property is located in a UCA will continue to...
Family businesses
The Minister of Finance has in his Budget Speech for the year 2024 announced that: The reduced rate of stamp duty of 1.5% applicable to certain transfers of family businesses to descendants has been extended. Family business registered with the Family Business Office...
Donations to certain voluntary organisations
The Minister of Finance has in his Budget Speech for the year 2024 announced that businesses donating amounts to voluntary organisations registered with the Commissioner for Voluntary Organisations with respect to social and environmental causes and animal welfare...
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
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.