Malta Archive - Page 2 of 2 - ECOVIS International

Commercial yacht registration Malta: Introduction of Small Commercial Yacht Code

The Small Commercial Yacht Code came into force in Malta on 1 April 2024. This makes it easier for smaller yachts between 12 and 24 meters to register according to the standards set there. The Ecovis experts know the details.

EU Minimum Tax Directive: Malta delays implementation of minimum 15% corporate tax

Malta is making use of the Minimum Tax Directive exemption and postponing the application of the income inclusion rule (IIR) and the undertaxed profits rule (UTPR) beyond 2024. Additionally, the Maltese government will not introduce a qualified domestic top-up tax (QDTT) in 2024.

AIP permit Malta: Buying property in Malta as a Foreigner

The Maltese government welcomes applications from non-residents to purchase property in Malta by applying for an Acquisition of Immovable Property (AIP) permit. The rules for this have been simplified, as the Ecovis consultants explain.

Pharmaceutical industry in Malta: The Bolar exemption and pharmaceutical innovation

The pharmaceutical industry in Malta is thriving, thanks in part to the early introduction of the Bolar provision. Companies wanting to become active in Malta can rely on numerous incentives. These range from loans and subsidies to facilitate access to finance and investment grants to the provision of industrial sites and regulations to promote research […]

Malta corporate law: Malta transposes EU Mobility Directive

On 7 February 2023, Malta transposed Directive (EU) 2019/2121 on cross-border conversions, mergers and divisions, more commonly referred to as the Mobility Directive, into Maltese Law. The primary aim of the Mobility Directive is to provide a coherent and harmonised legal framework for cross-border movement of limited liability companies across all Member States and therefore […]

Malta Startup Residence Programme – An opportunity for budding entrepreneurs

The Maltese government has launched the “Malta Startup Residence Programme”. Under the programme, non-EU citizens will receive improved start-up conditions, such as a residence permit for up to eight years, if they do business and pay taxes in Malta. The Ecovis consultants know what is required of entrepreneurs.

Work life balance in Europe: Malta implements EU directive

Under new legislation, Maltese workers now benefit from paternity, parental and care leave. With the law, the government is implementing the EU directive on the compatibility of work and family, which was passed in 2019. The law came into effect on 2 August 2022.

EU Corporate Sustainability Reporting Directive: Businesses need to rethink

On 21 April 2021, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which will eventually amend the existing reporting requirements of the Non-Financial Reporting Directive (NFRD). From 1 January 2024, companies that fall within the scope of the directive must adapt their reporting to the CSRD requirements for the 2023 financial year. […]

EU whistleblower protection directive: Entities must set up internal whistleblowing channels in Malta

The Maltese government passed the Whistleblower Act in December 2021. Malta is thus implementing the EU directive on the protection of persons who report violations of EU law. The act affects private companies, public institutions and non-profit organisations. The Ecovis experts in Malta know the details.

Malta business opportunities: New government pledges investment and tax incentives

The Maltese government has developed a package of measures aimed at boosting the economy in structurally weak areas. Companies investing in these disadvantaged areas can expect subsidies, grants and tax breaks.

Digital Nomad Work: Malta Launches Nomad Residence Permit

In June 2021, the Residency Malta Agency introduced a Nomad Residence Permit (NRP). This new temporary residence permit allows non-EU individuals to work remotely whilst living in Malta.

Malta –Double Tax Treaty (DTT) Update: Russia

In order to encourage the growth of international trade including that of financial services, successive Maltese governments have sought to conclude DTT with important trading partners as well as with emerging countries. This policy is expected to continue in the future. To date, treaties are in force with 67 countries. more on www.ecovis.com/malta…

Malta Budget 2014: Main Measures

tax deduction for entrepreneurs who offer apprenticeship placements and work placement to inexperienced new workers, microinvest and jeremie scheme, tax deduction on training and/or employment to employees who are between 45 and 65 years

VAT changes taking place as of 1st January 2015

Suppliers of telecommunication, broadcasting and electronic services in the E.U. might be significantly affected by the changes in VAT law due to take place as of 1st January 2015. The affected taxable persons shall be providing services falling under the following categories: Telecommunications services refer to services relating to the transmission, emission or reception of […]

Malta’s New Residence Programme Launched

An individual who is not a resident of Malta is taxable in Malta only on Malta source taxable income and capital gains. In addition the remittance basis of taxation is applied when foreign sourced income is received in Malta. Capital gains generated outside Malta are not taxable in Malta even if received in Malta. Maltese […]

New service – Foundations

The directors of Mdina Trust Services Limited (part of the ECOVIS Malta Group) are pleased to announce that the Malta Financial Services Authority has granted an extension to its authorization to enable the company to act as administrator of private foundations, in addition to the longstanding authorization to act as trustees. Mdina Trust Services, is […]

Malta – Switzerland Income Tax Treaty

Status: In Force Concluded: 25 February 2011. Entered into Force: 6 July 2012. Effective Date: 1 January 2013 One of the latest additions to the long list of Double Taxation Treaties (DTT) entered into between Malta and other countries (currently 60 treaties in force) is the one signed with Switzerland which came into force on […]

VAT on Pleasure Boats (Yacht Leasing)

Since November 2005, the Maltese VAT Department published guidelines on the Department’s policy regarding the VAT treatment for yacht leasing arrangements involving Maltese Companies. Definition of Pleasure Boat A Pleasure Boat is a vessel not used for navigation on the high seas and the carrying of passengers for a reward, used for the purpose of […]

High Net Worth Individuals

Malta Tax Residence A new scheme was officially launched by Malta’s Ministry of Finance in September 2011 aiming to attract High Net Worth individuals (HNWI) to take up residence in Malta. Eligible Individuals Individuals eligible to apply for the special tax status in terms of the HNWI regulations can be: EU nationals (excluding nationals of […]

Budget 2012

Main Highlights & Proposals As per our continuous assistance to our existing clients and potential new ones we are summarizing the main highlights and proposals passed this month during the Budget speech for the coming calendar year 2012. Key or High Quality Labour – Income Tax Incentives In 2011, incentives were announced in the financial […]

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