Malta Enterprise Relaunches Micro Invest Scheme
Malta Enterprise has just announced the relaunch of the Micro Invest Scheme, offering enticing tax credits to both self-employed individuals and companies. Under this scheme,…
The Reduced 7.5% Tax Rate for Creative Professionals
The Arts Council Malta is accepting applications from self-employed creative practitioners who earned income from eligible artistic activities in 2023. These individuals can choose to…
Implementing Guidelines for the Increase in the Administrative Penalty for late filing of Recapitulative Statements
Purpose and Background The purpose of this document is for the Commissioner for Revenue (‘CfR’) to provide an explanation, in conformity with article 75(2) of…
Increase In Interest Rate On Unpaid Income Tax And Vat
By virtue of Legal Notice 228 of 2022, interest on unpaid income tax has increased to 0.6% per month. The new rate applies as of…
Taxation of Real Estate Operations – Malta
Tax Stamp Duty on the transfer of Real Estate Payer Real state buyer Active Subject Commissioer for Revenue Calculation Basis Higher of the Market Value…
COVID-19 Fiscal Assistance – Postponement of Payment of Certain Taxes
Tax Deferral Scheme: 1. Objective: to improve business liquidity by easing pressures on their cash flow arising from the economic impact of the coronavirus pandemic and…
Fiscal Assistance Measures – COVID 19
Guidelines on the tax deferral scheme announced by the Government earlier this week have been published by Malta Enterprise and the Office of the Commissioner for Revenue. The following is…
Submission Of Annual Returns And Financial Statements: Announcement By MBR
The Malta Business Registry has announced that if a company is effected by the COVID-19 situation and the filing of the annual return and/or financial statements falls within…
Concept Of Permanent Establishment In Malta
REQUIREMENTS VAT CIT Regulation Definition according internal regulation Any fixed place of business where companies and individuals carry out economic activities. Any fixed place of…
Tax Incentives for Investments in start-up Businesses
Seed Investment Scheme (Income Tax) Rules, 2019 By means of Legal Notice 170 of 2019, the Government of Malta has adopted the Seed Investment Scheme…