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Taxation in relation to immovable property
The Minister of Finance has in his Budget Speech for the year 2024 announced that: The scheme applicable for first time buyers and second time buyers will be extended for another year. No income tax and stamp duty will continue to apply on the first €750,000 of the...
Increase in the tax credit for children with disabilities undergoing therapy
The Minister of Finance has in his Budget Speech for the year 2024 announced that as from next year, the Government will increase to €500 (up from €200) per year, the tax credit to parents of children with disabilities who attend therapy (other than that offered...
EXemption for pensioners
The Minister of Finance has in his Budget Speech for the year 2024 announced that the amount of pension income which will for the year 2024 be excluded from the taxable income will amount to 60%. Since the year 2022, pension income has gradually been excluded...
Tax deadlines for the month of November 2023
The following are the tax deadlines for this month. 15 November 2023 – Submission of VAT returns together with the relative payment in respect of the quarter ending September 2023 30 November 2023 – Online submission of income tax returns in respect of year of...
Tax deadlines for the month of October 2023
The following are the tax deadlines for this month. 15 October 2023 – Submission of VAT returns together with the relative payment in respect of the quarter ending August 2023 31 October 2023 – Online submission of income tax returns in respect of year of assessment...
Reduced rate of tax for income from artistic activities
The Commissioner for Tax and Customs has announced the publication of guidance on the 7.5% rate of tax applicable to income from certain artistic activities pursuant to article 56(26A) of the Income Tax Act (CAP 123). Guidance on the scope of the reduced rate,...
Tax deadlines for the month of September 2023
The following are the tax deadlines for this month. 15 September 2023 – Submission of VAT returns together with the relative payment in respect of the quarter ending July 2023 30 September 2023 – Online submission of income tax returns in respect of year of assessment...
Extension of VAT Return Deadline for August 2023
The Malta Tax and Customs Administration notifies that the deadline for the filing of VAT returns that are due by 15th August 2023 has been extended to 31st August 2023. The due date of the relative payment is being extended accordingly.
Tax deadlines for the month of August 2023
The following are the tax deadlines for this month. 31 August 2023 – Online submission of income tax returns in respect of year of assessment 2023 by companies whose accounting year ended on 30 September 2022 31 August 2023 – Submission by employers of Form FS5 for...
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.