ACT News
Latest news
Read all about ACT and relevant news from advisory, corporate, tax and other related services.
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Senior Employees of Family Offices, Back Offices and Treasury Management Operations Tax Rules
By means of Legal Notice 250 of 2025, the Ministry responsible for Finance has published the above-mentioned rules which shall be deemed to have come into force on the 1st January 2025 and shall apply with effect from…
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Guidance note published by the FIAU for Limited (Registered) Company Service Providers
The FIAU has issued a guidance note for limited Company Service Providers (CSPs) that are required to be registered by the MFSA. This follows the recent changes to the Company Service Providers Act and the rulebook…
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July 2025 Updates to the MPRP
By virtue of Legal Notice 146 of 2025 some important updates were introduced under the Malta Permanent Residence Programme (MPRP) as of 22nd July 2025, with changes applying to all applications submitted on or after 1…
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Final Income Tax Without Imputation Regulations
By means of Legal Notice 188 of 2025, The Final Income Tax Without Imputation Regulations, 2025 have been published. Such rules provide companies (including other entities that opt to be treated as a company) as well as…
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Amendments to the Companies Act Register of Beneficial Owners) Regulations
By virtue of Legal Notice 127 of 2025, a number of changes recently took place in the above-mentioned regulations. The main aim of the Malta Beneficial Ownership Regulation changes reflect the first transposition phase…
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Simplified Dissolution Procedure introduced for Maltese Companies
Act No. XVIII of 2025, was recently published, providing for the introduction of a “simplified dissolution procedure” (hereinafter referred to as ‘SDP’) for limited liability companies. The provisions of this Act are…
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Rules on the determination of additional penalties under the Revenue Acts
The Determination of Additional Penalty Rules, 2025 have been enacted pursuant to L.N. 177 of 2025. These rules, issued in terms of the DUTY ON DOCUMENTS AND TRANSFERS ACT (DDTA), the INCOME TAX MANAGEMENT ACT (ITMA)…
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Closure of office
ACT would like to inform our esteemed clients that our office will be closed on Friday 8th August 2025 for our staff annual summer event. We will also be closed from Monday 11th to Thursday 14th August 2025 for our…
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Extension for the submission of personal income tax returns for YA 2025
The MTCA has notified that the deadline to submit the Personal Income Tax Return online has been extended until 8 August 2025. The payment deadline has been extended accordingly. If you need any help or assistance with…
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Income from Artistic Activity
The Government of Malta has published LN 137 of 2025, by virtue of which artists shall now be charged to tax at a rate of 7.5% on their net earnings after allowing for deductible expenses. This tax rate is applied to an…
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Audit exemption Rules 2025
By means of Legal Notice 139 of 2025, the Government has published the above-mentioned rules, with the aim of easing certain compliance obligations and offer targeted relief to newly established companies meeting…
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Reduced rates of stamp duty for donations of shares made in the context of a family business
Generally, transfers of shares in Maltese companies are subject to stamp duty at a rate of 2% of the ‘real value’. This rate will increase to 5% for companies that mainly own immovable property situated in Malta. For…
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New Form F (3) Appointment of a new auditor
Upon the appointment of the first auditor or in the case an appointment of a new auditor following the resignation or removal of the previous auditor, the company is to submit this new form to the Registrar, within 14…
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The Malta tax office launches the Large Taxpayer Office
The Malta Tax and Customs Administration (MTCA) has announced the establishment of the Large Taxpayer Office (LTO). This new unit within the MTCA is designed to provide a specialised, holistic service to entities and…
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Update of the Guidelines on Automatic Exchange of Financial Account Information (DAC 2)
The MTCA has notified on its website that updated DAC 2 Guidelines have been issued. Version 4.7 of the DAC 2 Guidelines can be found on the MTCA portal. You may also wish to contact us on infoact.com.mt for more…
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EU Court to rule on Commission vs Malta (Case-181/23 – Citizenship by Investment) by April 29, 2025
The Court of Justice of the European Union (CJEU) has announced the date for its ruling in the EU Commission’s infringement proceedings against Malta’s Citizenship by Investment framework. The date is : April 29, 2025.…
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ACT to provide audit and assurance services
We are pleased to announce and inform our clients that ACT has been granted authorisation by the Malta Accountancy Board to provide audit and assurance services. Thus we are now independent external auditors officially…
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Tax deadlines for the month of February 2025
The following are the tax deadlines for this month. 15th February 2025 – Submission of VAT returns together with the relative payment in respect of the quarter ending December 2024 15th February 2025 – Submission by…
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Tax deadlines for the month of January 2025
The following are the tax deadlines for this month. 15th January 2025 – Submission of VAT returns together with the relative payment in respect of the quarter ending November 2024 31st January 2025 – Submission by…
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Christmas lunch – 12th December 2024
Please note that our offices will be closed on the 12th December 2024 due to our Christmas lunch. For any urgent matters, please send an email to infoact.com.mt. We will return back to the office on Monday 16th…