|Malta tax guides||Malta budget summaries|
|Malta factsheets||Malta tax alerts archive|
|Malta VAT insights||Malta tax updates archive|
|International tax and business guide to Malta (overview).|
|Malta tax treaties 2014 - (Current tax treaties with Malta)|
|Tax highlights: Malta - (A glossary of tax highlights in Malta)|
|Tax guide: Malta|
|Malta: The IP and R&D jurisdiction|
|Malta: The leasing jurisdiction|
|VAT highlights - VAT 2013 - 2015, Malta VAT amnesty, New invoicing rules|
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|Insightful applications providing information relating to Malta.|
|FS009: Malta Citizenship-by-Investment - Individual Investor Programme Regulations.
Malta has introduced an ”Individual Investor Programme” (the “Citizenship Programme”), with which Malta grants naturalisation (i.e. citizenship) by investment to reputable foreign individuals and their eligible dependents following a thorough and rigid due diligence process. A summary of the salient features.
|FS006: Non domiciled persons: Scope of taxation in Malta.
Scope of taxation in Malta: Residence, ordinary residence and domicile. The main features summarised.
|FS008: Global Residence Programme Rules, 2013 for individuals who are non-EU/non-EEA/non-Swiss nationals.
In terms of Legal Notice 167 of 2013 and Article 56(23) of the (Malta) Income Tax Act, Chapter 123 of the Laws of Malta (“ITA”), a Global Residence Programme (“GRP Rules”) has been introduced for individuals who are not nationals of the EU, EEA or Switzerland. The GRP Rules confer on the successful applicant a special tax status. Understanding the benefits of the GRP Rules.
|FS012: Malta as a holding company jurisdiction.
The introduction of the participation exemption in 2007 has enhanced Malta’s position as a premier EU holding company location. Whilst there is no specific holding company regime, Malta’s domestic tax system positions Malta as the ideal location for establishing companies for the purpose of holding shares in one or more entities whether located within or outside the European Union.Get a clearer perspective.
|FS016: Malta tax refund system.
Income tax in Malta is governed by the Income Tax Act and the Income Tax Management Act, together with their respective subsidiary legislation, and collectively referred to as the Income Tax Acts (‘ITA’). We make the complex simple.
|FS018: VAT on yacht leasing in Malta.
In November 2005, the Maltese VAT Department issued guidelines explaining the Department’s policy with regard to the VAT treatment of yacht leasing arrangements entered into by Maltese companies. A summary of the main features.
|FS023: Investment service providers in Malta.
The provision of investment services in or from Malta is regulated by the Investment Services Act, and the Investment Services Rules, which implement EC Council Directive 2004/39/EC (MiFID) and certain provisions of EC Council Directive 85/611/EC (‘UCITS’ Directive). We make the complex simple.
|FS001: Reduced rate of tax for "Qualifying Expatriates" in the development of digital products in Malta
Effective 1 January 2012, a scheme was introduced for expatriates working in Malta who fulfil a role directly engaged in the development of innovative and creative digital products to benefit from a reduced rate of tax of 15%.
We bring you the essential features.
|FS002: Reduced rate of tax applicable to "Qualifying Expatriates" employed in Malta with Financial Institutions and i-Gaming companies Expatriates satisfying the definition of a qualifying beneficiary and holding an employment under a qualifying contract of employment with a licensed bank, insurance company, financial services company, or i-gaming company in an eligible office in Malta may opt to be subject to tax on such income at a flat rate of tax of 15% as from 1 January 2010.
An attracting incentive.
|FS003: Reduced rate of tax for Maltese professionals returning to work in Malta in specific industry sectors
An incentive scheme was introduced in the Budget Measures Implementation Act, 2012 for Maltese professionals returning to work in Malta in specific industry sectors. In terms of this new scheme, an eligible individual who is established in a field of excellence and returns as an ordinary resident to Malta may opt to have his income from employment exercised in Malta charged tax at a flat rate of 15%, as opposed to the normal progressive personal income tax rates of up to 35%.
Field of excellence rules made easy.
|FS004: Returned migrants in Malta|
|FS005: Residence Scheme for foreign retirees for EU/EEA/Swiss nationals
A residence scheme for foreign retiree individuals (the “Scheme”) who are European Union (EU), European Economic Area (EEA), and Swiss nationals was announced. The Scheme confers a special tax status on the successful applicant.
A sunny retirement
|FS007: Reduced rate of tax for “Qualifying Expatriates” extended to the Aviation sector
The Highly Qualified Persons Rules include specific eligible offices of undertakings in the aviation industry in Malta licensed and/or recognised by the competent authority or holding an air operators’ certificate issued in terms of the Civil Aviation (Air Operators’ Certificates) Act, or an aerodrome licence issued in terms of the Air Navigation Order.
Preparing for take-off
|FS010: Securitisation in Malta|
|FS011: Aviation and finance leasing|
|FS013: Group finance companies in Malta|
|FS014: Malta company incorporation|
|FS015: Maltese trusts|
|FS017: Redomiciliation of companies to and from Malta|
|FS019: Malta grants and incentives - Investment aid|
|FS020: Shipping companies and the Malta flag|
|FS021: Insurance captive companies in Malta|
|FS022: Credit and financial institutions|
|FS024: Professional investor funds|
|FS025: Protected Cell Companies in Malta|
|FS026: VAT treatment of private aircraft leasing|
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|Insightful applications and links providing information relating to VAT in Malta.|
|NEW||VAT Insight - Issue 2013/05 - CJEU Judgment on the Tour Operators Margin Scheme (TOMS)|
|VAT Insight - Issue 2013/04 - New administrative penalty|
|Supplement to Issue 2013/02 - Recent CJEU decisions (2) - Update|
|VAT Insight - Issue 2013/03 - Reduced VAT on short-term yacht charters|
|VAT Insight - Issue 2013/02 - Recent CJEU decisions (2)|
|VAT Insight - Issue 2013/01 - Recent CJEU decisions (1)|
|Supplement to Issue 2012/04 - New VAT invoicing rules - Update|
|VAT Insight - Issue 2012/04 - New VAT invoicing rules|
|VAT Insight - Issue 2012/03 - Budget implementation Measures Act 2012|
|VAT Insight - Issue 2012/02 - Upcoming CJEU VAT decisions in FS|
|VAT Insight - Issue 2012/01 - VAT amnesty extension|
|VAT Insight - Issue 2011/03 - VAT amnesty|
|VAT Insight - Issue 2011/02 - VAT on SWIFT services - CJEU Judgement|
|VAT Insight - Issue 2011/01 - VAT on services by betting agents|
|VAT Insight - Issue 2010/06 - VAT ‘place of supply’ changes for sports, education & entertainment|
|VAT Insight - Issue 2010/05 - VAT exemption for management of investment schemes|
|VAT Insight - Issue 2010/04 - VAT on SWIFT services - ECJ referral|
|VAT Insight - Issue 2010/03 - VAT changes to property rental|
|VAT Insight - Issue 2010/02 - VAT rules 2010 additional changes|
|VAT Insight - Issue 2010/01 - VAT rules 2010 changes|
|VAT Insight - Issue 2009/03 - VAT number verification online|
|VAT Insight - Issue 2009/02 - VAT rules 2010 changes anticipated impact|
|VAT Insight - Issue 2009/01 - VAT Act amendments overview|
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|Insightful applications and links providing information relating to Malta budgets.|
|Budget 2014 summary
* Notes: Dynamic PDF is the preferable alternative for viewing on iPad® or other tablets/devices where Adobe Flash® is not supported. However, Adobe Reader® app in iOS does NOT support interactive content. For full functionality in iOS, the GoodReader® app is recommended.more...
|Budget 2013 summary (available as interactive Flash, Dynamic PDF and abridged versions)|
|Budget 2012 summary|
|Budget 2011 summary|
|Budget 2010 summary|
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|Alerts providing information to taxation changes in Malta.|
|Malta clarifies taxation of fees paid to nonresident investment committee members - 16 July2014|
|The Maltese tax authorities have clarified that nonresident investment committee members of Maltese funds are subject to tax on the portion of remuneration they receive that is attributable to management services that are physically performed in Malta. The clarification is particularly welcome in light of the growth in the Maltese fund industry in recent years. Read the full article.|
|Export support - 30 May 2014|
|Malta Enterprise has launched two new assistance programmes for exporters, aimed at encouraging businesses to venture into new markets through exports of both products and services. The Go Global Programme focuses on those companies that are new to export or whose export revenue is less than 20% of total revenue, whereas the Global Growth Competition is aimed at established exporters. Read the full article.|
|Malta tax treaties with Moldova and Russia - 28 April 2014|
|Malta and Moldova have signed a tax treaty, while the Malta and Russia tax treaty is ratified. Read the full article.|
|Malta Citizenship-by-Investment - Individual Investor Programme Regulations - 17 March 2014|
|Malta has introduced an ”Individual Investor Programme” (the “Citizenship Programme”), with which Malta grants naturalisation (i.e. citizenship) by investment to reputable foreign individuals and their eligible dependents following a thorough and rigid due diligence process. Read the full article.|
|Malta Grants & Incentives: Micro Guarantee and MicroInvest Schemes - 08 January 2014|
|In December 2013, Malta Enterprise re-launched the Micro Guarantee and MicroInvest Schemes, with the publication of revised Incentive Guidelines intended to assist the development of small enterprises in Malta and Gozo. Read the full article.|
|Malta Grants & Incentives: Investment Aid - 04 December 2013|
|Call for Enterprises to obtain Pre-Approval on Investment Projects. Malta Enterprise has issued a call for applications for the pre-approval of Investment Aid Tax Credits. Read the full article.|
|Malta’s tax treaty with Liechtenstein - 28 October 2013|
|Malta’s continuing effort in extending its tax treaty network (currently, 69 tax treaties entered into by Malta) is again evidenced by a new tax treaty signed with Liechtenstein on 27 September 2013. Read the full article.|
|Malta’s tax treaty with Ukraine and other treaty developments - 30 September 2013|
|On 4 September 2013 Malta and Ukraine signed a tax treaty which is the first agreement of this kind between the Contracting States.Read the full article.|
|Global Residence Programme Rules, 2013 for individuals who are non-EU/non-EEA/ non-Swiss nationals - 24 July 2013|
|Since the introduction of the changes to VAT invoicing rules, certain amendments have already been made thereto. These amendments have come into force with retroactive effect (i.e. as from 1 January 2013). This supplement to VAT Insight Issue No. 2012/04 aims to provide an overview of the rules that were amended. Read the full article.|
|Malta — Budget Measures Implementation Act - 5 June 2013|
|Act III of 2013, entitled the ‘Budget Measures Implementation Act, 2013’ was published on the 17 May 2013. The Act brought into force the measures announced in the Budget speeches of the 28 November 2012 and 8 April 2013. Read the full article.|
|Malta — Investment tax credits for the hotel industry - 30 May 2013|
|The Investment Aid Incentive takes the form of investment tax credits, which are computed as a percentage of qualifying expenditure undertaken by companies engaged in qualifying activities. Read the full article.|
|Malta — Branch profit exemption and expanded royalty exemption introduced - 23 May 2013|
|On 17 May 2013, Malta parliament approved the tax amendments that were announced during the budget speech on 29 November 2012, which include the introduction of two new tax exemptions.|
|Malta — Malta and Russia sign a new tax treaty - 02 May 2013|
|Malta and Russia signed a new tax treaty on 24 April 2013 to replace the currently pending tax treaty signed between the countries in 2000. It is expected that the entry into force of the new treaty will contribute to the development of cross-border trade, as well as finance and investment relationships between the treaty partners. The treaty generally is in line with the model tax treaty adopted in Russia in 2010.|
|Malta — Overview of Malta’s main 2013 tax treaty developments - 20 March 2013|
|Malta’s tax treaty network, consisting of 63 tax treaties, has experienced a significant degree of development over the past 6 months. New tax treaties with Bahrain, Hong Kong, Saudi Arabia, Switzerland and Uruguay became generally applicable as of 1 January 2013 (1 April 2013 in the case of Hong Kong). Similarly, with effect from 1 January 2014, a new treaty recently concluded with Guernsey will come into force as will a revised treaty with Norway. In addition, during 2012 and the first quarter of 2013, new tax treaties were negotiated with Armenia and Mexico , a protocol to the existing treaty with South Africa was signed and the treaty previously negotiated with Russia has been approved for signature. During the said period Malta has also concluded tax information exchange agreements with the Bahamas, Bermuda and Gibraltar.|
|Malta — Reduced rate of tax applicable to “Qualifying Expatriates” employed in Malta extended to the Aviation sector - 23 October 2012|
|The latest amendments to the Highly Qualified Persons Rules (the “Rules”) have widened the scope of application of the Rules to include specific eligible offices of undertakings in the aviation industry in Malta licensed and/or recognized by the competent authority or with undertakings holding an air operators’ certificate issued in terms of the Civil Aviation (Air Operators’ Certificates) Act. The aviation sector has been added to the existing list of specific industries benefitting from these reduced rates of tax, which to date include banking, insurance, financial services, and iGaming.|
|Malta — Residence scheme for foreign retirees from the EU/EEA/Swiss nationals - 12 October 2012|
|In terms of Legal Notice 317 of 2012 and Article 56(23) of the Maltese Income Tax Act, Chapter 123 of the Laws of Malta (ITA), a residence scheme for foreign retiree individuals (the “Scheme”) who are European Union (EU), European Economic Area (EEA), and Swiss nationals was announced. The Scheme is effective immediately. The Scheme confers a special tax status on the successful applicant.|
|Tax authorities publish guidance on taxation of retirement schemes and funds - 16 August 2012|
|Taxation of Malta based pension schemes, such as UK QROPS, explained. The Maltese tax authorities issued guidance on 25 of July 2012 regarding the taxation of Maltese retirement funds and retirement schemes, as well as regarding the taxation of beneficiaries of retirement income from such schemes.|
|Maltese professionals returning to work in Malta in important industry sectors - 30 May 2012|
|Following the enactment of the Budget Measures Implementation Act, 2012 on 14 May 2012, an incentive scheme for Maltese professionals returning to work in Malta in important industry sectors has been introduced in the Income Tax Act, Chapter 123 of the Laws of Malta.|
|Guidance issued on hybrid loans - 17 May 2011|
|Guidance issued by Malta’s Inland Revenue Department (IRD) on 27 April 2011 on the tax treatment of hybrid loans was further clarified on 13 May 2011. The guidance was issued pursuant to ECOFIN’s approval of recommendations concerning profit participating loans (PPLs) adopted by the EU Code of Conduct Group.|
|Regulations for tax exemption on royalties - 2 November 2010|
|The Maltese government published regulations on 14 September 2010 for the application of the income tax exemption on royalties derived from patents on inventions. The exemption was introduced into Maltese tax law in April 2010.|
|International tax rules enhanced - 20 April 2010|
|The Maltese Parliament approved a number of amendments to Malta's tax laws on 16 April 2010 that will further enhance the country's position as an EU domicile of choice.|
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Insightful applications providing information relating to taxation in Malta.
Tax updates were discontinued at the start of 2013 and are now incorporated into Tax alerts (above section).
|Issue 06/2012 - 2013 Budget bill announced|
|Issue 05/2012 - 2013 Budget summary|
|Issue 04/2012 - Malta Expands Royalty, Participation Exemptions|
|Issue 03/2012 - Budget Measures Implementation Act 2012|
|Issue 02/2012 - Employment Status National Standard Order, 2012|
|Issue 01/2012 - Overview of Malta’s Main 2011 Tax Developments|
|Issue 04/2011 - Malta's 2012 budget aims to increase foreign investment|
|Issue 03/2011 - Malta's 2012 budget summary|
|Issue 02/2011 - Favorable tax regulations for securitisation vehicles|
|Issue 01/2011 - Reduced rate of tax - Update|
|Issue 05/2010 - Budget 2011: A balancing act|
|Issue 04/2010 - Tax Deductions and Exemption|
|Issue 03/2010 - Reduction in Penalties and Interest - Update|
|Issue 02/2010 - Reduction in Penalties and Interest|
|Issue 01/2010 - Budget Measures Implementation Act|
|Issue 01/2009 - Act to implement budget measures|
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