Maltese Tax Law

The VAT yacht leasing scheme has recently been a bone of contention for the EU and Malta has sought to appease the EU by amending the Guidelines Regarding VAT Treatment of Yacht Leasing. Click here for the Guidelines. These Guidelines state that should a lessee be provided with an option to purchase a vessel, being […]

The Malta Budget Measures Implementation Act (the Act) was passed on 29th March 2018. The below is an update on the most interesting of the measures:   Amendment to the definition of ‘participating holding’: the percentage equity holding requirement has been reduced to 5% (down from 10%) of the equity shares of a company, such […]

The VAT Treatment of Vouchers

On 27 June 2016, the Council of the European Union (EU) issued a press release announcing that it has adopted a directive aimed at increasing legal certainty for transactions involving vouchers by harmonising national value added tax (VAT) rules in this area. The said directive sets out to reduce the risk of mismatches in national tax rules […]

The Malta Residence and Visa Programme is aimed for third country citizens, who are not nationals of the EU, EEA or Switzerland. A beneficiary of the Malta Residence and Visa Programme and their respective dependants shall be will be able to reside in Malta. The Maltese Government has published amendments to the Malta Residence and Visa […]

Aircraft Leasing in Malta

Malta has reinforced its principal position as a dependable jurisdiction for international groups and carries on growing as a centre for aircraft leasing business. The Maltese regulatory and fiscal system has seen a sharp upsurge in popularity as a jurisdiction for international business, predominantly in the creation and establishment of aircraft leasing engagements. Over the […]

Malta enacts Family Business Legislation

On the 1 January 2017, the Family Business Act entered into force, with the purpose to encourage the regulation of family businesses, their governance and the transfer of the family business from one generation to the next. The aim of the incentive is to support and assist family businesses and the transfer thereof from one […]