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Read all about ACT and relevant news from advisory, corporate, tax and other related services.
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Malta publishes three new laws regulating blockchain
Malta has on the 20th July 2018, published the much awaited innovative legislation regulating blockchain. The three new legislative acts were recently approved by the Maltese Parliament, re-confirming the important role…
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ACT holds its second annual day conference
On the 20th July 2018, ACT held its second annual day conference for its members of staff at the Westin Dragonara Resort St. Julian’s. Three key note speakers were invited. Dr. Karl Sammut spoke about Malta’s plans of…
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The FIAU issues implementing procedures for the remote gaming sector
The Financial Intelligence Analysis Unit (GIAU) has today issued the Implementing Procedures – Part II addressed to the remote gaming sector. This document focuses, and provides guidance, on certain aspects of the…
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Consultation Paper on the VFAs rules for VFA agents
The Malta Financial Services Authority (MFSA) has issued a consultation document, the purpose of which is to prepare the rules applicable to operators in this new financial services industry relating to Initial Coin…
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Tax Credit (Construction Waste Recycling) Rules
New rules were introduced by virtue of which tax credits will be granted to persons who are in possession of a permit issued by the Environment and Resources Authority for the acceptance in their quarries of…
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New Treaty with The Federal Democratic Republic of Ethiopia
By means of LN 182 of 2018, the Government of Malta has published the text of a new double taxation agreement with Ethiopia. In terms of Articles 11 and 12 of the treaty, the two countries have agreed to have a shared…
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Southridge, Mellieħa designated as a Special Designated Area (SDA)
By means of L.N. 181 of 2018 entitled IMMOVABLE PROPERTY (ACQUISITION BY NON-RESIDENTS) ACT (CAP. 246), Southridge in Mellieħa has been designated as a Special Designated Area. Thus Southridge, Mellieħa will be added to…
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Maltese Parliament approves the New Gaming Act
The Maltese Parliament has during the month of May 2018 approved the third and final reading of the new Gaming Act, which shall elevate the jurisdictional profile of Malta from a regulatory perspective by strengthening…
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Malta Government publishes three Distributed Ledger Technology (DLT) bills
The Malta Government has recently published three bills which when enacted in Parliament will implement a framework for Distributed Ledger Technology (DLT). The Malta Digital innovation Authority Bill is to provide for…
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European Commission Publishes Proposals for the Taxation of the Digital Economy
The EC has published proposals on the taxation of the digital economy in the Single Market and Recommendation on amending Member states’ Double Tax Treaties with Third Countries. A Digital Services Tax (“DST”) proposes…
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Malta adopts the Multilateral Convention to implement Tax Treaty Related Measures to prevent BEPS
By means of LN 142 of 2018 Malta had adopted in its legislation the Multilateral Convention on implementing Tax Treaty related measures to prevent Base Erosion and Profit Shifting (BEPS). The main purpose of this is to…
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Malta amends the Highly Qualified Persons Rules
By virtue of LN 141 of 2018, Malta has amended the Highly Qualified Persons Rules to provide tax incentives to highly qualified persons who are employed in the Assisted Reproductive Technology sector. The tax incentives…
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New tax incentives for employees in the Maritime sector
By virtue of LN 140 of 2018, Malta has introduced new tax rules which provide tax incentives to employees employed in a qualified employment in maritime activities and in the servicing of offshore oil and gas industry.…
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Cabinet approves three bills related to DLT
The Government has announced that on the 24th of April 2018, the Cabinet has approved the three bills related to Distributed Ledger Technology (‘DLT’). The three bills consist of: The Malta Digital Innovation Authority…
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MFSA releases Consultation Paper on the Financial Instrument Test
In its discussion paper on Initial Coin Offerings (ICOs), Virtual Currencies and Related Service Providers, the MFSA had proposed a “Financial Instrument Test” in order to determine whether a Distributed Ledger…
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Certify Scheme Regulations
By means of LN 119 of 2018 and in terms of Guidelines issued by Malta Enterprise, eligible undertakings, may receive assistance in accordance with terms and conditions set out in the said Guidelines. Applications for…
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Investment Aid for Energy Efficiency Projects Regulations
By means of LN 122 of 2018 and in terms of Guidelines issued by Malta Enterprise, eligible undertakings, may receive assistance in accordance with terms and conditions set out in the said Guidelines. Applications for…
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New Maltese Tonnage Tax Law
After the decision taken by the European Commission in December 2017 to endorse the Maltese tonnage tax system for a period of 10 years, Malta has issued two Legal Notices 127 and 128 of 2018 which have amended the…
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Tax Credits Supporting the Refurbishment of Hotels and Restaurants Regulations
By means of LN 120 of 2018 and in terms of Guidelines issued by Malta Enterprise, eligible undertakings, may receive assistance in accordance with terms and conditions set out in the said Guidelines. Applications for…
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Another company in the blockchain sector to move to Malta
DQR Group, which is a major player in the blockchain sector will be establishing its headquarters in Malta. The company said it will create around 200 jobs in Malta. It currently employs around 65 employees and has…