ACT News
Latest news
Read all about ACT and relevant news from advisory, corporate, tax and other related services.
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OECD BEPS Multilateral Instrument text published
On November 24, 2016, the OECD published a press release that more than 100 jurisdictions have concluded negotiations on a multilateral instrument (MLI) that will swiftly implement a series of tax treaty measures to…
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Corporate Income Tax Returns YA 2016
The deadline for the online submission of corporate income tax returns for the basis year 2015 (year of assessment 2016) is the 30th November 2016 for those companies which have a December year-end. The deadline for the…
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EU VAT Action Plan supported by Malta
The Maltese Minister of Finance, the Hon Prof Edward Scicluna, has in a recent VAT and EU Conference organised by the Malta Institute of Management stated that Malta will be supporting the VAT Action Plan adopted by the…
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Poker Tournament Regulations published
By means of LN 380 of 2016, entitled the Poker Tournament (Locations) Regulations, new regulations have been published in terms of the Gaming Act. The rules are applicable to those operators in the land-based casino…
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The Key Employee Initiative (KEI)
A new scheme has been introduced for third-country national individuals seeking employment and residence in Malta. The scheme ‘The Key Employee Initiative’ (KEI) has the aim of facilitating and providing a fast track…
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Guidance Note on the acquisition of residential property in Gozo
The Department of Inland Revenue has issued the following guidelines in relation to the announcement made by the Minister of Finance in the Budget Speech for 2017 relating to the acquisition of residential property in…
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Business Enhance ERDF Grant Schemes Initiative – Two new schemes
The Measures and Support Division, as the Intermediate Body responsible for administering aid schemes for enterprises under the European Regional Development Fund (ERDF 2014-2020) has announced further cut off dates for…
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MicroInvest Scheme 2015 – Deadline for submission extended
The submission deadline for the MicroInvest Scheme 2015 application with respect to qualifying expenditure incurred during 2015 has been extended to 30 November 2016 for eligible small undertakings. The original…
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ACT to take part in the Tax Highlights 2016 – A Day Conference
Stephen Balzan and Elaine Camilleri, tax partners of the firm, will both be delivering a presentation during the Tax Highlights 2016, a day conference organized by Society Education which this year will be held on the…
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New tax incentives to promote investment on the MSE
During the budget speech for the year 2017, the Maltese Minister for Finance has a few days ago announced a number of fiscal incentives with the aim of promoting investment by the public on the Malta Stock Exchange…
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The EC proposes major tax reform
On October 25, 2016, the European Commission (EC) published plans to overhaul the way in which companies are taxed within the EU, with the aim of delivering a growth-friendly and fair corporate tax system. There are…
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Stamp duty measures announced in the Budget Speech for 2017
During the budget speech for the year 2017, the Maltese Minister for Finance has last Monday announced a number of measures related to Duty on Documents and Transfers. These are: Stamp duty on business transfers –…
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Tax incentives for Malta employers and pensioners
During the budget speech for the year 2017, the Maltese Minister for Finance has last Monday announced that a number of fiscal incentives will be introduced for employers who wish to contribute into Malta occupational…
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ACT participates in SME Week 2016
ACT is proud to have been part of the SME Week 2016. ACT was invited to deliver a presentation during a seminar held in Gozo on Friday 14th October 2016 at the Hotel Calypso in Marsalforn. Elaine Camilleri, the firm’s…
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Fantasy Sports
In terms of Legal Notice 271 of 2016, the Malta Gaming Authority (MGA) has exempted fantasy sports games operators from the requirement to obtain a license. The new LN was issued on the 1st August 2016, by means of…
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The Payment Services Directive II (PSDII)
Directive 2015/2366 on payment services in the internal market, repeals Directive 2007/64/EC on payment services in the internal market (PSD I). The principal aim of PSD I, adopted in 2007, was to regulate the payments…
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Increased interest in Malta by Payment and EMIs following Brexit
The outcome of the recent UK EU membership referendum has created a major concern for Payment and Electronic Money Institutions established in the UK. The major concern lies in the fact that Payment and Electronic Money…
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EU adopts Directive on VAT treatment of vouchers
On 27 June 2016, the Council of the EU announced that it has adopted a Directive on the VAT treatment of vouchers. The Directive is aimed at clarifying and harmonizing the EU rules on the VAT treatment of vouchers. The…
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ACT becomes an ICAEW Authorised Training Principal
ACT is pleased to announce that with effect from the 18th of August 2015, it has been authorized by the ICAEW as an ACA Training Principal. ICAEW is The Institute of Chartered Accountants in England and Wales, an…
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ACT sets up a new office in Gozo
We are pleased to inform our esteemed clients that on 1st September 2016, ACT has set up a new office in Gozo. The new office is situated at Baron Court Block A, Karlu Galea Street Victoria Gozo. The idea behind the new…