Topic
Personal tax & employment
Income tax for individuals, employment income, pensions, fringe benefits and payroll obligations.
103 news items and articles, newest first
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Qualifying Employment in Aviation (Personal Tax) Rules
By means of Legal Notice 177 of 2016, the Authority for Transport in Malta has been designated as the authority responsible for determining the eligibility or otherwise of an individual wishing to apply for the…
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Tax incentives applicable to donations to Culture
In order to foster further partnership between Malta’s corporate and cultural sectors, the Maltese Government has recently announced some amendments to the tax incentives applicable to companies that grant cash…
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The new Individual Savings Account Rules 2014
Recently a new exemption from income tax has been added to list of exemptions. The new exemption was introduced by means of Act XXXVII of 2014 which amended the Income Tax Act Cap. 123, whereby a new section was…
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The United Nations Pensions Programme Rules 2015
By virtue of a new Legal Notice, the Government of Malta has issued new rules which provide for an exemption from income tax to beneficiaries who are in receipt of a pension or a widow’s / widower’s benefit from the…
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Maternity Leave Payments
By means of Legal Notice 258 of 2015, a Maternity Leave Fund has been launched as from 6th July 2015. Prior to the introduction of the new rules, employers that employ women had to pay the wages of their pregnant…
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Increase in Tax Credits for Maltese Personal Pension Schemes
LN 117 of 2015, which was published on the 2 June 2015, has raised the maximum amount of tax credit provided for by Article 57(1)(b) of the Income Tax Act from €150 to €300. Through this provision, any tax payer will be…
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Guidelines on Professional Health Services
The Maltese VAT Department has recently issued new Guidelines for the VAT treatment of Professional Health Services, which are intended to provide Guidance on the application of the VAT exemption for medical care…
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New IRD Guidelines on the transfer of an individual’s residence
The Maltese Inland Revenue Department has issued a guideline on the amendment to Article 5(5)(c) of the Income Tax Act made through Act XIII of 2015 This provision introduced some limitations in respect of the exemption…
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MFSA issues new rules under the Retirement Pensions Act 2011
On the 7th January 2015, the Malta Financial Services Authority issued new Rules and Regulations under the Retirement Pensions Act. These will have effect as from 1st January 2015. The purposes for which the new Pension…
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Changes to the rules in respect of the taxation of employment income
Changes to the rules in respect of the taxation of employment income derived by individuals employed in the development of innovative and creative products The Principal Rules By means of L.N. 462 of 2014, the…
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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…
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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…
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Taxation of Maltese Private Pensions
Introduction Malta is increasingly becoming a financial services centre of repute looked at by a number of financial services operators Malta as the ideal platform to set up their private pension schemes. Malta’s…