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).
Intellectual property (IP) is often a client’s most valuable asset, and therefore the protection of a business’IP can be of paramount importance.
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
The Global Residence programme is designed for third-country nationals who are not long-term resident.
An optional flat rate of 15% is available on the first € 12,000 arising from part-time self-employment income. Mazars Malta can assist you in assessing if the 15% tax rate is beneficial to you as well as assist you with your compliance obligations.
The Common Reporting standard was introduced in order to combat cross-border tax fraud and tax evasion posed by undeclared and untaxed income.
This programme is designed for nationals of EU, EEA and Switzerland who are not permanent residents of Malta.
This programme is designed for EU, EEA and SWISS nationals who are in receipt of a pension as their regular source of income.
Mazars announces 2014-2015 fiscal year results of €1.252bn. This figure is up 15.9% from last year, driven by 6.0% organic growth, 6.0% external growth – in particular from the merger with Roever Broenner Susat in early 2015 – and a 3.9% Forex effect.
The United Nations Pensions Programme is designed for individuals who are in receipt of a United Nations pension.
The Malta Gaming Authority has announced the publication of guidelines with respect to the technical infrastructure hosting gaming and control systems used by remote gaming licensees. The document follows on the conclusion of a public consultation exercise with respect to the use of cloud solutions by the remote gaming industry.