Articles & Publications
Latest articles & publications
Read all about the latest articles related to advisory, corporate, tax and other important topics.
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Cross-border Conversions of Limited Liability Companies Regulations – Procedures and formalities
By means of Subsidiary Legislation 386.27, the Government of Malta has published the above-mentioned rules, the scope of which is to transpose into Maltese legislation the European Union Directive 2019/2121/EU amending…
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Cross-border Conversions of Limited Liability Companies Regulations – Protection to shareholders
By means of Subsidiary Legislation 386.27, the Government of Malta has published the above-mentioned rules, the scope of which is to transpose into Maltese legislation the European Union Directive 2019/2121/EU amending…
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Micro Invest Scheme 2024
Micro Invest Scheme 2024 has been recently relaunched by Malta Enterprise. This scheme offers tax credit of 45% of eligible costs incurred in 2023. Subject to certain qualifying conditions, this percentage may increase…
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Payroll Updates for 2024: What You Need to Know
As we usher in the new year, businesses need to stay informed about the latest updates in payroll, employment, and related regulations. In this comprehensive overview, we’ll delve into the significant changes for 2024,…
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New Tax Rules for Digital Nomads in Malta
On the 7th of December 2023, the Government of Malta has issued new rules entitled the ‘Nomad Residence Permits (Income Tax) Rules 2023’ which are applicable to digital nomads residing and working in Malta. By means of…
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Navigating the Winding-Up Process of a Company in Malta
In the dynamic business landscape of Malta, there are instances when companies may need to consider the winding-up process. Whether prompted by changing business needs, financial challenges, or strategic decisions,…
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Unlocking Business Opportunities: A Guide to Company Incorporations in Malta
Malta, with its strategic location in the heart of the Mediterranean, is emerging as a preferred destination for entrepreneurs seeking to unlock new business opportunities. The process of company incorporation in Malta…
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Proposal for Council Directive on Faster and Safer Relief of Excess Withholding Taxes
The European Commission (EC) has proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g. banks) and Member State tax administrations.…
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Notional Interest Deduction (‘NID’) Rules
In 2018, the Government of Malta had issued new rules which provide for a notional interest deduction (NID) against the chargeable income of an undertaking for sums that are deemed to be payable by way of interest on…
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How spouses can apply for and file a separate tax return?
Introduction The Commissioner for Revenue (CfR) has recently published a manual of how spouses may apply for a separate tax return in terms of Article 49A of the Income Tax Act (‘ITA’). The manual may be accessed from…
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Recent Amendments on Probation and Fixed-Term Contracts of Employments
Act XX of 2022 was enacted on 20th December 2022 to partially transpose Directive (EU) 2019/1152 of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions in the…
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Overview of the notice issued by the Malta Gaming Authority on the 14 February, 2023.
1. What is this Malta Gaming Authority (MGA) notice all about? The Malta Gaming Authority issued a notice on February 14, 2023, which serves as a reminder to all gaming industry entities in Malta that operating without…
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Transfer Pricing Rules
By means of LN 284 of 2022, the Government of Malta has published the Transfer Pricing Rules (hereinafter referred to as ‘the rules’) which will be effective as from 1st January 2024. Applicability of the Rules With…
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High Risk Jurisdictions – Updated List
The Financial Action Task Force (FATF), also known as the Global Anti-Money Laundering watchdog, updates its list of high-risk and other monitored jurisdictions which are considered to have weak AML-CFT regimes. This is…
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Startup Residence Programme
Eligibility and Requirements Further to the recent launch of the Startup Residence Programme, the following is a list of the eligibility criteria which need to be satisfied by the applicant, who is required to: have a…
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Government-appointed committee aims to reduce bureaucracy for businesses
The Cabinet has approved the formation of a steering committee that will oversee the implementation of budget measures aimed at reducing bureaucracy for businesses. The committee would be tasked with implementing three…
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New Schemes for tourism operators in Gozo
The Ministry for Gozo has recently launched two new schemes as an incentive for the tourism industry in Gozo. Scheme one – Supporting Marketing Initiatives for specific niche tourism markets in Gozo 2022 The business…
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Assignment of a lease agreement of immovable property – Income tax, stamp duty and VAT implications
Businesses operating an establishment in Malta, held by a title of lease may assign their lease agreement to a third party for consideration. What are the income tax, stamp duty and VAR implications contemplated by the…
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Capital allowances on Industrial Buildings or Structures
Article 2 of the Income Tax Act (Cap. 123 of the Laws of Malta), hereinafter referred to as ‘the ITA’ states that an “industrial building or structure” includes a building used as a hotel or a car park or offices, as…
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The Debt Equity Bias Reduction Allowance (DEBRA)
On 11 May 2022, the European Commission published a Directive proposal to tackle the tax bias in favour of debt funding. The proposal includes both a notional deduction on growth in equity and an additional limitation…