Malta Income Tax Consolidation Rules
On 31 May 2019 Malta published Legal Notice 110 of 2019 entitled Consolidated Group (Income Tax) Rules, 2019 (the “Notice”). The new rules simplify income tax calculation and…
Malta Tax on Leasing of Yachts
Where leasing arrangements of yachts do not fall within the scope of Legal Notice 369 of 2005 and where the aforesaid lease is deemed by…
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…
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…
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…
Shipping and Yachting industries in Malta
Malta’s long maritime tradition and culture has led to the country becoming a well-established, reputable, open ship register. The Maltese International ship register has earned…
Malta and its tax system
Malta lies at the heart of the Mediterranean, a few hours’ flight from most European cities and from North Africa. The advantage of living in…