ACT News
Latest news
Read all about ACT and relevant news from advisory, corporate, tax and other related services.
-
Donations to the Malta Community Chest Fund
A new legal notice has been issued in respect of which donations made to the Community Chest Fund during the year ended 31st December 2014, will be allowed as a deduction against the chargeable income for year of…
-
Malta voted as the Most Favoured Fund Domicile in Europe
For the second consecutive year, Malta has been voted as Most Favoured Domicile in Europe at the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014. TheEuropean Fund of Hedge Funds Awards remains the only…
-
Double taxation agreement with Mauritius
Malta has signed a double taxation agreement with Mauritius on 15th October 2014 in New York, which was published by means of Legal Notice 409 of 2014. Article 10 of the treaty provides that dividends paid by a company…
-
Malta Government launches Third Pillar Pension Schemes
Last week, the Maltese Government launched the Third Pillar Pension Scheme, paving the way for low income earners to start saving for their retirement. The introduction of the Third Pillar Pension schemes was the next…
-
Rulings on Income Tax and Duty
Rulings on Income Tax and Duty Treatment to apply to demergers, amalgamation and reorganizations as well By means of Legal Notice 410 of 2014, the Rulings (Income Tax and Duty Treatment of Mergers and Divisions) Rules…
-
ACT Tax Partners to deliver lectures on international tax
Stephen Balzan and Elaine Camilleri – Tax Partners ACT, will from the 14th November 2014 to the 19th December 2014, be delivering a series of five lectures on international taxation as part of an International Taxation…
-
2015 VAT amendments to affect the Online Gaming Industry in Malta
On 1 January 2015 the final set of changes introduced by the so-called EU “VAT Package” enters into force. With effect from that date, the place of taxation for Value Added Tax (VAT) purposes of, electronically supplied…
-
EU Commission presents options for simpler and more robust future VAT regime
The European Union Commission has presented a number of options on how to ensure a simpler, more effective and more fraud-proof VAT system tailored to the Single Market in the EU. These have been presented in a paper…
-
Malta signs Multilateral Agreement on Automatic Exchange of Tax Information
Malta has joined 50 states and jurisdictions in signing a Multilateral Agreement on Automatic Exchange of Tax Information. The agreement was signed in Berlin under the aegis of the OECD and the Maltese Minister for…
-
MOSS – How can we help?
ACT is now in a position to advise and assist you on the new EU VAT rules that will come into force with effect from 1st January 2015 How can we assist? We can – Provide you with answers to all your questions related to…
-
OECD/BEPS: Release of discussion draft on Action 7 (Prevent the Artificial Avoidance of PE Status)
On 31 October 2014, OECD has invited public comments on a discussion draft which includes the preliminary results of the work carried on with respect to issues related to the artificial avoidance of PE status and…
-
Stephen Balzan – Tax Partner ACT speaks at a tax conference
Stephen Balzan, Tax Partner ACT was invited as a guest speaker to speak at a day conference, organised by Society Education. Stephen delivered a presentation on the recent tax updates in Malta’s income tax legislation…
-
VAT – Changes in the ‘place of supply rules’ with effect from 1 January 2015
As from 1st January 2015, all telecommunication, broadcasting and electronically supplied services provided to final customers within the EU shall be subject to VAT in the jurisdiction where the final consumer is…
-
ACT appointed Accredited Agent
ACT appointed Accredited Agent by Identity Malta to handle IIP applications The Malta Individual Investor Programme (IIP) Rules facilitates the acquisition of Maltese citizenship by investment for third country…
-
Exemption on income or gains from a permanent establishment situated outside Malta
A company that is registered in Malta is entitled to claim an exemption from tax in respect of income that is attributable to a permanent establishment of the said company that is situated outside Malta. The exemption…
-
New Incentive Guidelines Malta Enterprise
New Incentive Guidelines by Malta Enterprise Malta Enterprise Corporation has recently issued Incentive Guidelines with respect to Investment Tax Credits for the years 2014 to 2010. Investment Tax Credits are intended…
-
The Residence Programme Rules 2014
By virtue of two Legal Notices, the Government of Malta has replaced the High Net Worth Individual Rules for EU/EEA and Swiss nationals with the Residence Programme Rules. These rules are to have retrospective effect as…
-
ACT to participate in the Stockholm Property Fair
Stephen Balzan and Liana Falzon will be representing ACT Malta in Kistamässan in the northern part of Stockholm and will be participating in the Property Fair which will be held on the 6th and 7th of September 2014. The…
-
EU-Wide interconnection of Insolvency Registers
The European Commission has recognised the need to facilitate cross-border insolvency procedures by making access to information on insolvency available through a single point of reference. The European Commission has…
-
One-Stop Shop for Third Country Nationals
The Employment and Training Corporation (ETC) and Identity Malta (IM) has introduced a one-stop shop application service for Third Country Nationals (TCNs) seeking to reside in Malta for the purpose of work. This means…