On 4 October 2017 the European Commission proposed a drastic reform of the VAT system of the European Union.
The European Commission published a study about administrative formalities of important procedures and administrative burdens for businesses.
On the 5th of October 2017, a new legal notice was published whereby the Notional Interest Deduction Rules were introduced.
Hon. Prof. Edward Scicluna, Finance Minister of Malta, presented this legislature's first National Budget in Parliament.
The Voluntary Occupational Pension Scheme Rules have been recently published. These rules relate to contributions paid to a qualifying scheme/s established in the context of an employment relationship for the purposes of providing retirement benefits to qualifying employees.
Mazars Mala recently launched a Guide to the duties and responsibilities of the Key Official for gaming companies in Malta: the Key Official Guide.
On the 8th of August 2017, a new legal notice was published whereby a number of updates and clarifications were effected to the Fringe Benefit Rules.
Mazars Malta recently organised the second of its 2016 series of information sessions branded ‘Made Simple, by Mazars'.
Over the last decade, various business sectors, have seen the introduction of new internet-based business models, content digitalisation and the need to enable content to be used on different platforms.
The Malta Gaming Authority published a White Paper proposing major reforms to the Malta's Gaming legal framework.
A new incentive was recently launched by Malta Enterprise targeting specifically Start-Ups in their early stages of development.
A new legal notice was published whereby a student shall become entitled to a tax credit after he/she successfully completes a relevant course.
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.
The Financial Intelligence Analysis Unit (FIAU) and the Malta Gaming Authority (MGA) jointly published a consultation document on the forthcoming application of AML/CFT requirements to remote gaming operators.
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 focus of the upcoming workshop, which will be held at the Royal Malta Yacht Club, will be ‘Incentives and Fiscal Aids to Business: All that you should know’.
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
The fiscal obligations on renting immovable property may confuse lessors and might even discourage them from putting their properties on the rental markets.
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.