Articles & Publications
Latest articles & publications
Read all about the latest articles related to advisory, corporate, tax and other important topics.
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Economic Recovery Package
During a press conference held yesterday, the Prime Minister Dr. Robert Abela, together with Finance Minister Prof. Edward Scicluna and the Minister for the Economy, Investment and Small Businesses Mr. Silvio Schembri…
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Two new schemes launched by Ministry for Gozo
On 1st June 2020, the Ministry for Gozo launched the following two new schemes with the aim of incentivizing jobs in Gozo. Gozo Back Office Employment Refund Scheme The main aim of this scheme is to incentives privately…
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Guidelines in relation to the Consolidated Group (Income Tax) Rules
The Commissioner for Revenue (CfR) has recently published new guidelines in connection with the Consolidated Group (Income Tax) Rules. These guidelines include aspects such as the registration process and the…
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Assignment of Rights Acquired under a Promise of Sale Agreement Rules 2020
By means of LN 191 of 2020, new rules have been introduced with effect from 1st January 2020 with respect to the assignments of rights acquired on or after this date in terms of a promise of sale agreement of immovable…
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The Merchant Shipping (Taxation and other matters relating to shipping organisations) Regulations
By means of LN 128 of 2018, new regulations have been introduced with effect from the first of May 2018 with the purpose of providing for the taxation and certain other matters relating to shipping organisations.…
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COVID -19 – Concerns related to permanent establishments (PEs) under Tax Treaties
The Organisation for Economic Cooperation and Development (OECD) has recently issued a report addressing the tax implications that COVID-19 will have on cross border employment. Governments across the world (including…
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Patent Box Regime (Deduction) Rules
The Patent Box Regime Rules, implemented through Legal Notice 208 of 2019, apply to income derived from qualifying intellectual property on or after the 1st of January 2019. A qualifying Intellectual Property (IP) is a…
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Budget Measures Implementation Act 2020
The Government of Malta has, by means of ACT VIII of 2020 published various important provisions in Malta’s fiscal legislation, which implement the key measures announced by the Minister of Finance in his budget speech…
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Substantial Raise in Financial Assistance to businesses hit by COVID- 19
The Government has yesterday evening announced a substantial increase in the financial assistance to those businesses who are being mostly hit by the current COVD-19 outbreak. This follows the measures announced last…
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Voluntary Occupational Pension Schemes Rules
By means of LN 228 of 2017, entitled ‘Voluntary Occupational Pension Scheme Rules’, the Malta Government has launched a number of tax incentives for contributions paid to qualifying schemes established in the context of…
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New Financial Assistance and Other Measures – COVID-19
The Government has yesterday introduced a new financial aid package as well as other measures intended to alleviate the burden which businesses and employees are currently facing because of COVID-19. Earlier on this…
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The 6th EU Anti-Money Laundering Directive
Money laundering is a global issue that has the potential to undermine the integrity of any business, as well as the financial sector as a whole. Since many years, the EU has taken part in drawing up international AML…
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The Importation of Foreign Losses – The Aures Holdings Case (C-405/18)
The Court of Justice of the European Union (CJEU) has on the 27th February 2020 decided the above-mentioned case which concerns the transfers of tax losses between different EU member states. Aures Holdings, a company…
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Tax implications of the Coronavirus
The Coronavirus Covid-19 is creating economic disruption of which the impact is expected to be durable even in the second half of the year. After the 2008 recession, this virus has been declared as the greatest danger…
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The Effect of the 5th AML Directive on Tax Practitioners
January 2020 marked the transposition of the 5th AML Directive (Anti-money Laundering Directive). After the implementation of the 4th AML Directive, the European Union faced new challenges mostly due to the innovative…
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Budget 2020 Highlights
The Ministry of Finance has on Monday 14th October 2019 delivered the Budget Speech for the year 2020. The following are the highlights of his speech. Cost of living adjustment (COLA) set at Eur3.49 a week;An additional…
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BREXIT – Immigration Status of British Nationals Residing in Malta
The Government of Malta has by means of Legal Notice 63 of 2019, recently published new rules, applicable to British citizens residing in Malta on the day the Treaties of the European Union (EU) shall cease to apply to…
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New Seed Investment Scheme Rules
By means of Legal Notice 170 of 2019, the Government of Malta has published new seed investment scheme (income tax) rules. The purpose of these rules is to grant tax relief to natural persons investing in start-ups. The…
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Consolidated Group (Income Tax) Rules 2019
Malta has on the 31st May 2019, by means of Legal Notice 110 of 2019, introduced rules by virtue of which a parent company and its subsidiaries may elect to form one fiscal unit. The Rules shall enter into force as from…
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Minimum Tax for Res non-Dom individuals
The Maltese tax authorities have recently issued guidelines on the remittance basis of taxation which are applicable to persons who are ordinarily residents but not domiciled in Malta. The guidelines have also provided…