Topic
Corporate & income tax
Income tax rules, returns and deadlines, deductions, guidelines and rulings.
352 news items and articles, newest first
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Provision of a new service through the use of digital marketing
ACT is proud to announce that Growth Gurus has become one of its corporate partners. ACT and Growth Gurus have agreed to collaborate together to advise and assist their respective clients in growing their business…
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New philanthropic organizations exempt from income tax
By means of Legal Notice 65 of 2017, the Minister of Finance has named the following organizations engaged in philanthropic work as being exempt from income tax in terms of Article 12(1)(e) of the Income Tax Act.…
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Deduction claim on fees paid for Cultural and Creative Courses
Individuals who during the year 2016, paid fees in respect of their children under sixteen years of age for cultural and creative courses, can claim a deduction against their own personal income up to a maximum of €100…
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Deduction claim on fees paid for school transport
Parents who during the year 2016, paid transport fees in respect of their children under sixteen years of age attending church schools or private schools are allowed a deduction against their own income for the year, up…
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Deduction claim on fees paid for sports activities
Individuals who during the year 2016, paid fees in respect of their children under sixteen years of age who attended sports activities, can claim a deduction against their own personal income up to a maximum of €100 per…
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Tax rebate for pensioners
By means of LN 22 of 2018, the Government has amended LN 42 of 2017 which had originally introduced new tax rebates for pensioners in line with what was announced in the Budget Speech for 2017. This new measure will…
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Certify (Tax Credits)
Introduction Certify is a fiscal measure administered by Malta Enterprise (ME) to encourage eligible undertakings to continuously improve the quality of their products, services and processes through the attainment of…
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Business Development & Continuity Support
Introduction The Business Development & Continuity Scheme is intended to facilitate value adding projects that are expected to contribute to the regional development of Malta and to support existing undertakings sustain…
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Malta Tax Rates & Dates 2016
Malta Income Tax Rates (year of assessment 2017) Company rate of tax35% Resident married couples opting for joint computation1 Taxable income (€)Rate (%)Deduct (€)0 – 12,70000 12,701 – 21,200151,90521,201 –…
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New tax guidelines issued in connection with business interests outside Malta
The Inland Revenue Department has recently issued new tax guidelines in connection with the stamp duty determinations given to companies in terms of Article 47 of the Duty on Documents and Transfers Act (hereinafter…
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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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Double Taxation Treaty Considerations on Passive Income
This article deals with the tax considerations arising out of tax treaties when dealing with passive income, in particular the manner in which Contracting States share jurisdiction to tax when negotiating tax treaties…
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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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Duties and Responsibilities of a Key Official
Malta has always been at the forefront of the remote gaming industry and has established itself as one of the prime jurisdictions for remote gaming operators. The Remote Gaming Regulations were the first legislative…
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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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Dual Resident Companies in the Application of Tax Treaties
What are dual resident companies? Dual resident companies are companies which are treated for tax purposes to be tax residents in two different jurisdictions. For example, Company X might be tax resident in jurisdiction…
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Malta Taxation on Income and Gains derived from Intellectual Property
As an international financial services centre, Malta provides for various fiscal incentives both to Malta companies and also to their shareholders. This makes Malta a very tax efficient jurisdiction where to set up…
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Malta’s Refundable Tax Credit System
As an international financial services centre, Malta grants various forms of fiscal incentives to Maltese companies and their shareholders, which makes it one of the most tax efficient jurisdictions within the European…
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Amendments to the Pharmacy Of Your Choice (POYC) Rules
By means of LN 283 of 2016, the purview of the POYC rules will with effect from year of assessment 2017 be also applicable to any person carrying on a business through a pharmacy outlet who incurs capital expenditure or…
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Double Taxation Agreement with Viet Nam published
By means of Legal Notice 286 of 2016, the Government of Malta has published the double taxation agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. With…
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Article 34 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 34th and last article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on how the second challenge…
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Article 33 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 33rd article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the second challenge for vat…
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Article 32 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 32nd article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on how the challenge related to the…
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Malta Company Taxation
Malta’s corporate tax system is based on three main pillars, namely the imputation system of tax, the various forms of relief from double taxation and the refundable tax credit system. Malta Companies are taxed in Malta…
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Article 31 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 31st article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the broader indirect tax challenges…
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Article 30 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 30th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the third and last option to address…
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Article 29 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 29th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the second option to address the…