ACT News
Latest news
Read all about ACT and relevant news from advisory, corporate, tax and other related services.
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Tax deadlines for the month of September 2024
The following are the tax deadlines for this month. 15th September 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending July 2024 30th September 2024 – Online submission…
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ACT closed for a week in mid-August
We would like to inform our esteemed clients that we will be taking a short break and our offices will be closed during the week starting 12th August 2024. We will be returning back and resume our duties on Monday 19th…
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ACT joins Aliant+ Global Network
We are pleased to announce that we have officially joined the Aliant+ Global Network. This is an exciting development for our firm as Aliant+ is a prestigious global network of middle-market law and accounting firms. It…
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Tax deadlines for the month of August 2024
The following are the tax deadlines for this month. 15th August 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending June 2024 30th August 2024 – Online submission of…
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Amendment to the general proviso in the Memorandum and Articles of Association
The Malta Business Registry has issued a notice on its website to inform practitioners, Corporate Services Providers and the public in general of an amendment which with effect from the 1st August 2024 needs to be…
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Income from Sports Activities Rules
By means of Legal Notice 147 of 2024, the Government of Malta has published new rules relating to the taxation of income derived from sports activities. The rules apply to individuals who derives income from an…
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Extension of personal income tax returns deadline
The Malta Tax and Customs Administration (MTCA) has notified that the deadline for the manual filing of income tax returns for individuals has been extended to 15th July 2024. The due date of the relative payment is…
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Tax deadlines for the month of July 2024
The following are the tax deadlines for this month. 15th July 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending May 2024 31st July 2024 – Online submission of income…
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Tax deadlines for the month of June 2024
The following are the tax deadlines for this month. 15th June 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending April 2024 30th June 2024 – Submission by employers of…
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MTCA Guideline – Exemption for transfer of a dwelling house
The MTCA has published a guideline on the interpretation of one of the conditions for the exemption granted under article 5A(4)(c) of the Income Tax Act on the transfer of a dwelling house. Article 5A(4)(c) of the…
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Duty on Transfers by SportMalta (Exemption) Order
By means of Legal Notice 110 of 2024, the Government of Malta has published the above-mentioned order. The order establishes that no duty on documents and transfers shall be levied on any transfer consisting of the…
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Donations to Voluntary Organisations Rules
By means of Legal Notice 86 of 2024, the Government of Malta has published the ‘Donations to Voluntary Organisations Rules’, by virtue of which a company which makes a donation to which these rules apply, shall have the…
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Amendments to the Income Tax Act
The Government of Malta has by means of ACT X111 of 2024 amended the Income Tax Act. A summary of the main amendments are the following: Expenditure of a capital nature on intellectual property or any intellectual…
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Tax deadlines for the month of April 2024
The following are the tax deadlines for this month. 15th April 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending February 2024 30th April 2024 – Submission by employers…
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Tax deadlines for the month of May 2024
The following are the tax deadlines for this month. 15th May 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending March 2024 31st May 2024 – Submission by employers of…
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Assistance to Business Start Regulations
The Government of Malta has by means of Legal Notice 49 of 2024 published the above-mentioned rules which are applicable as from 1st January 2024. Where Malta Enterprise Corporation is satisfied that the undertaking is…
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Exploring Research Grant Regulations
The Government of Malta has by means of Legal Notice 50 of 2024 published the above-mentioned rules which are applicable as from 1st January 2024. Where Malta Enterprise Corporation is satisfied that an undertaking…
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Updates to Nomad Residence permit holders
Residency Malta Agency (RMA) has issued a Circular which announces a number of important updates to both existing holders of and prospective applicants to the Nomad Residence Permit. RMA has revised the Permit’s…
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Organisations engaged in philanthropic work exempt from income tax.
By means of Legal Notice 62 of 2024, the Government of Malta has published a notice which mentions the following philanthropic organisations as exempt from income tax. Aditus Foundation Fondazzjoni Dar il-Hena Foodbank…
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Research and Development (2024) Regulations
By means of Legal Notice 53 of 2024, the Government of Malta has published the above-mentioned rules which came into force on 1st January 2024. The aim of these rules is for Malta Enterprise to assist undertakings that…