Articles & Publications
Latest articles & publications
Read all about the latest articles related to advisory, corporate, tax and other important topics.
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The Financial Instrument Test Under the Virtual Financial Assets Act, 2018
By means of three (3) bills dated 22nd May, 2018, the Government of Malta has published the legislative framework that is being proposed to regulate, amongst others, initial coin offerings, cryptocurrency exchanges and…
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Taxation of Maltese Retirement Funds and Schemes
Introduction The Maltese tax authorities have issued guidelines with respect to the taxation of Maltese retirement funds and schemes, as well as the taxation of beneficiaries of retirement income from such schemes. The…
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Matters to be Stated in a White Paper
The Government of Malta has on the 22nd May 2018, published three bills entitled “Virtual Financial Assets Act”, “Malta Digital Innovation Authority Act” and the “Innovative Technology Arrangements and Services Act”.…
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Tax Credit (Higher Educational Qualifications) Rules
The Maltese Government has issued new rules to provide for tax credits to individuals who are in possession of qualifications as outlined below, who derive income from full time employment (or full time employment with…
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Budget Measures Implementation Act 2018
By means of ACT VII of 2018, the Government of Malta has published an Act to implement various budget measures for the year 2018. The following is a summary of the main changes to the Income Tax Act. Definition of a…
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Initial Coin Offering (ICO) Malta
Malta has always been on the forefront of technology and innovation. In the past months, a number of initiatives have been launched, aimed at establishing an innovative and attractive regulatory framework for entities…
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Amendments to the Capital Gains Rules
By means of Legal Notice 379 of 2017, the Government of Malta has made a number of amendments to the Capital Gains Rules, which were originally issued by means of Legal Notice 102 of 1993 as subsequently amended by…
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Notional Interest Deduction Rules
By means of Legal Notice 37 of 2018, the Government of Malta has 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…
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Taxation of Employment Income in Malta
Introduction In recent years, Malta has experienced a significant increase in international business and foreign direct investment. Its legislative framework, its infrastructure, Government’s investment in state of the…
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VAT Treatment of Vouchers
On 27 June 2016, the Council of the EU announced that it has adopted a Directive (EU 2016/1065) on the VAT treatment of vouchers. The Directive is aimed at clarifying and harmonizing the EU rules on the VAT treatment of…
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EU General Data Protection Regulation (GDPR) – The Main Changes
The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and is designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to…
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Securitisation
Securitisation allows the conversation of an illiquid asset to cash and provides an efficient access to capital markets. The regulatory regime set forth by the Securitisation Act, Chapter 484 of the Laws of Malta has…
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Notional Interest Deduction (NID) Rules
By means of Legal Notice 262 of 2017, the Government of Malta has issued new rules which provide for a notional interest deduction against the chargeable income of an undertaking for sums that are deemed to be payable…
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Voluntary Occupational Pension Schemes
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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Innovation Aid for SME’s
Introduction Malta Enterprise (ME) has recently launched a new scheme, the scope of which is to assist SMEs that qualify for this incentive to recover in the form of tax credits, part of the costs incurred for the…
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Tax Credits for Catering Establishments – Catering Capacity Building
Introduction Malta Enterprise (ME) has recently launched a new scheme, the scope of which is to assist hospitality and catering establishments engaging a chef to support in capacity building, innovation, and in the…
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Tax Credits for R&D and Innovation
Introduction Malta Enterprise (ME) has recently launched a new scheme, the scope of which is to assist undertakings that employ for a period of at least twelve (12) months a person holding or reading for a doctoral…
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Amendments to the Fringe Benefits Rules
By means of Legal Notice 205 of 2017, the Government of Malta has amended the rules relating to fringe benefits. The below is a summary of the main changes. What are Fringe Benefits? Fringe benefit are benefits provided…
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Start-Up Finance 2017 – 2020
Introduction A new incentive was recently launched by Malta Enterprise targeting specifically Start-Ups in their early stages of development The aim of this measure is to finance innovative undertakings in their early…
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Malta as an International Financial Services Centre of Repute
Malta has over the past years managed to attract a considerable amount of investment on the basis of its legal and regulatory framework, lower costs of production and labour costs, effective taxation, geographical…