The Economist Intelligence Unit wrote a series of articles sponsored by Mazars focusing on five challenges facing SMEs venturing abroad for the first time.
A new legal notice was published whereby a new Tax Credit for Research, Development and Innovation Regulations was launched.
An optional 15% flat rate of taxation is available for rental income arising from immovable property rented out for residential and commercial purposes.
A reduced 1.5% rate of duty is now available on transfers by gratuitous title of marketable securities as well as business property by an individual to qualifying family members.
The ultimate objective of the Directive is for consumers to benefit from the same level of protection irrespective of distribution channels.
New Skill Games Regulations which empower the Malta Gaming Authority to regulate this sector came into force on the 24 January of 2017.
Limited companies are again invited to apply for a tax credit calculated at a percentage of the cost of investments carried out in 2016.
Tax Deduction Claims to be taken for the basis year 2016: School Transport Fees, Sports Activities and Cultural and Creative Courses
Application forms under this scheme will be accepted until December 31, 2018, or until €5 million worth of applications are received.
Mazars Malta recently organised the first of its 2017 series of information sessions branded ‘Made Simple, by Mazars’.
Legal Notice 383 of 2016, published on 22nd November 2016, extended the scope of the exemption relating to management services provided to collective investment schemes and retirement schemes.
Professor Edward Scicluna, Minister of Finance, presented the legislature's fifth budget in parliament.
Last July 2016, Malta Enterprise issued incentive guidelines in respect of new investment aid for high efficiency cogeneration.
A LN was published to amend the Electric Vehicles Deduction Rules, applicable vis-à-vis expenditure incurred with effect from 01/01/2016 on electric vehicles.
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.
A legal notice was recently published to amend the Deductions (POYC) Rules targeting the new home delivery scheme as part of the POYC Scheme.
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 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 Business Enhance Grants Schemes, part-financed by the European Regional Development Funds, have a budget of € 51M in grants to support SMEs enterprises.
The tax regime allows individuals, who are not domiciled in Malta and employed within the Aviation Industry, can avail themselves of a flat tax rate of 15%.
Eco-contribution is chargeable at the rate of €0.50 per person per night, subject to a maximum of €5 per person per visit.
2015 saw the introduction of new VAT rules for iGaming operators. Has this been a smooth transition, and what have been/ are the main issues?
The Inland Revenue Department is currently submitting the personal tax returns to individual taxpayers for 2015 (basis year).
How can a company or an individual be deemed to be a “good citizen”? Against a backdrop of public sector deficits and cuts in public spending, being transparent on how much tax you pay, whether that is “fair” and where you pay it is now a key factor for any business and especially for Multi-National Entities (MNEs).