New Property Tax as from 2015
With effect from 1st January 2015 the capital gains tax system will, with minor exceptions, be fully replaced by the tax on property transfer system, in…
Guidelines for the VAT treatment of Electronically Supplied Services
Who should read these Guidelines? This document is intended to provide guidance on the definition of Electronically Supplied Services. Any taxable person providing electronically supplied…
FATCA and the Malta-U.S. Intergovernmental Agreement
The Foreign Account Tax Compliance Act (FATCA) agreement between Malta and the United States entered into force on 26 June 2014. The agreement was signed…
Establishing a Branch in Malta
In terms of the Maltese Companies Act, a foreign or “oversea company” which is a body corporate which is constituted or incorporated outside Malta, can…
Tax Treatment of Trusts
Malta tax treatment and administrative obligation in relation to trusts, including those administered by Retirement Scheme Administrators licensed by the Malta Financial Services Authority Any…
Highly Qualified Scheme
Introduction Since joining the EU in 2004, Malta has been modernising its economy. It is becoming recognized as a highly functional, low cost, well regulated…
Taxation of Investment Committee Members’ Fees
This note sets out the IFSP’s understanding of the tax treatment of remuneration derived by non- Maltese resident members of an Investment Committee (‘IC’) of…
Global Resident Scheme
(such scheme also integrates the e-Residence Maltese card, the Maltese ID Card and Visa) The Global Residence scheme is applicable to non-EU, non-EEA and no…
Director’s Fees – Taxation for Non-Resident Directors
Director’s fees are considered as income arising where the company is resident and effectively managed and controlled. This means that if non-resident directors are earning…