Malta introduces Patent Box Regime

Aiming to further increase its competitiveness as a jurisdiction for the holding and development of intellectual property rights, Malta has introduced a Patent Box Regime by means of Legal Notice 208 of 2019 entitled the Patent Box Regime ...

VAT Grouping

Subject to specific conditions, two or more legal persons established in Malta may now apply to be registered as a single taxable person for the purposes of the VAT Act (VAT Group). Once successfully registered, transactions taking place between ...

Malta: Private Client Guide 2020

The International Comparative Legal Guide to Private Client 2020 is now live and free to access. Our firm’s in-depth chapter on Malta, authored by Dr. Silvio Cilia and Dr. Louella Grech, covers common issues in private client planning, ...

Budget 2020 Tax Measures

On 14th October 2019, the Minister for Finance the Hon. Edward Scicluna, presented the Budget for 2020.  The Budget Speech did not refer to major changes to the Maltese tax system.  Unlike previous Budget Speeches the Budget Speech for 2020 ...

The Maltese Fiscal Unity Regime

The Consolidated Group (Income Tax) Rules, 2019 (CGR Rules) were introduced in June of 2019 through Legal Notice 110 of 2019 and are applicable to Maltese companies who have their financial year starting on or after the 1 January 2019. Unlike ...

Payment of Social Security Contributions Contingent on the Establishment of Residence?

The title of this article may preliminarily be perceived as self-evident and self-explanatory, nevertheless this apparent clarity becomes nebulous when applied to sea-farers on board Maltese vessels. The general perception pertaining to the ...

Blockchain – Use and Application

Trust is an age-old concept, and for centuries has been the foundation of all transactions between persons. The world of business, with the advancement of technology, has become a fast paced, ever-shifting arena in which efficiency, speed, and ...

UBO Register for Companies

As of 1st January 2018 all Maltese foundations have a new obligation to identify, record and report their beneficial owners to the Registrar of Legal Persons. A right of access to such new information will also come about.   Which entities must ...

Summary of the Malta 2018 Budget

On October 9, 2017 the Finance Minister of Malta gave the 2018 Budget speech which did not include any new taxes or tax increases. The salient provisions of the Maltese 2018 Budget are being explained briefly in the outline below. Income Tax The ...

Notional Interest Deduction Rules introduced in Malta

On October 5, 2017, a legal notice on the Notional Interest Deduction (NID) Rules has been published. These rules introduce a new concept to the Maltese tax system applicable as of year of assessment 2018 whereby the tax treatment of equity is ...
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