Local news

Latest news relating to Mazars Malta and Mazars Group. Click below and contact us if you need any additional information.

Micro Invest Tax Credits 2016

Companies and individuals carrying on business on a self employed basis are again invited to apply for a tax credit calculated at a percentage of the cost of investments carried out in 2016. The deadline for submission of applications for investment carried out in 2016 is 30th March 2017 at 16:00hrs.

Insurance Distribution Directive (IDD) Insights

The Insurance Distribution Directive or IDD (Directive 2016/97/EU) regulates the activities of all distributors of insurance products: intermediaries, insurance companies, bank-assurance and ancillary insurance intermediaries, including online distribution.

Budget Overview, 2017

Professor Edward Scicluna, Minister of Finance, presented the legislature's fifth budget in parliament. He started off by giving an overview of the country’s economic performance over the year followed by a series of measures and initiatives that the Government will be implementing in the forthcoming year.

Research on the 2015 VAT changes in place of supply rules

2015 saw the introduction of new VAT rules for iGaming operators. Mazars Malta, in an attempt to gauge the effect of such changes on local iGaming operators, has independently carried out market research via one-to-one interviews with key players in the gaming market.

Mazars Malta Client Satisfaction Survey

At Mazars Malta we build long-term relationships based on trust and understanding. We align ourselves to your goals and deliver tailored solutions in an integrated manner. We believe that client satisfaction is a key element of our business strategy and our success.

The Anti-Tax Avoidance Directive

The fight against tax avoidance is not new. In fact, it has been around since biblical times. Yet in recent years, multinationals are being faced with mounting pressure to contribute their fair share of taxation in those economies where they are conducting their business activities.

The Seed Investment Scheme

The Seed Investment Scheme has been recently launched by the Prime Minister of Malta. Application forms under this scheme will be accepted as from today, the 1st August 2016 and will remain active until December 31, 2018 or until €5 million worth of applications are received.

New Business Enhance ERDF Grant Schemes

Mazars Malta offers a dedicated advisory service designed to assist SMEs with sourcing and tapping EU funding. Our specialists are on hand to support you throughout the entire process, including helping you define the scope of your project, guiding you through the grant application procedures, as well as handling the actual project management.

The EU Audit Reform paves the way for a new audit environment in Europe

Launched in 2010, the legislative process of the EU Audit Reform reached an end as the new Regulation and the amended Directive were put to vote by the European Parliament on 3 April 2014. This reform was adopted after an intense and fruitful debate among all interested stakeholders and market players. The new legislation is expected to be adopted by all 28 Member States by 17 June 2016. Given the importance of this legislation, Mazars strives to provide a thorough understanding of the changes introduced at both the European Union and Member State levels.

Personal Tax Returns 2015

The Inland Revenue Department is currently submitting the personal tax returns to individual taxpayers for 2015 (basis year). Some points worth highlighting are the following:

VAT and the letting of immovable property

Going forward, VAT is not to be charged on the letting of property to persons who have not been in Malta for 12 months but who are in Malta for employment purpose or for the purpose of establishing a business here