The Budget Implementation Act, 2025 (the "Act") introduces amendments to the Income Tax Act, the Income Tax Management Act, the Duty on Documents and Transfers Act, and the VAT Act. Most changes take effective from the date of publication unless stated otherwise.
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Malta is positioning itself as a platform to enable entrepreneurship and businesses to prosper and achieve their international ambitions. With a high ratio of AI startups to residents and a supportive environment for innovation, Malta offers a unique opportunity for businesses looking to expand in the tech sector. The country's strategic geographic location, robust regulatory framework, and government support make it an attractive destination for tech startups and investors.
Starting January 2025, small businesses can enjoy VAT exemptions on cross-border EU trade without multi-jurisdiction registrations.
There is little doubt about the fact that AI and robotics will be two of the most defining technology accelerators of this decade. Apart from their deployment in the field of business, these technologies bear potential to enhance the quality of life of millions of individuals worldwide.
Ever since that faithful day on 24 June 2016 Brexit has been characterized by disarray, discord and disorder. The British Parliament has been in disarray and even after countless parliamentary votes remains undecided on the next course of action. 29th March 2019 should have marked the day the United Kingdom (UK) officially leaves the European Union (EU).
Resolving the issue of Non-performing Loans (NPLs) is not just a regulatory problem to address but a way to manage a bank’s balance sheet and increase profitability. Sound management of non-performing loans means that these would be replaced by new, sound exposures.
Best Citizenships, an online platform and comparison site for Citizenship and Residence by Investment Schemes (CRBI), has ranked Malta’s residence by investment scheme as the second best one in the world.
NPLs constitute a liability for bank institutions and require an organic strategy to deal with.
We all heard about “big data”; which is incomprehensibly large data generated by real people. To give you an idea of scale; 90% of all data was created in the last 2 years, and we currently generate c. 2.5 quintillion bytes of data a day.
Big data analytics refers to the possibility of gathering and analysing a substantial amount of data through advanced Business Intelligence (BI) software systems.
The Asia Pacific (APAC) region is ageing more rapidly than any in history and Grant Thornton’s International Business Report (IBR) reveals that business leaders in the region view ageing as the most significant threat to their businesses over the next five years. It will reduce the supply of labour, increase wages, and potentially reduce competitiveness. But it isn’t all bad news. Health and medical technology (medtech) businesses are leading the way in identifying rich opportunities in this disruption.
The Malta Financial Services Authority (MFSA) has published the much anticipated final version of the VFA Rules for Service Providers (the “Rules”), Chapter 3 of the VFA Rulebook. These Rules outline high-level principles aimed at guiding VFA Service Providers when offering their services.
Real Estate Investment Trusts (REITs) are companies who own and manage various types of properties. These companies earn regular income through the rental of these properties which is then distributed to shareholders in the form of regular dividends. The companies also offer investors the potential to gain from the long-term appreciation of properties within the company’s portfolio.
2018 was an exceptionally good year for Malta’s tourism industry as the number of inbound tourists reached a record 2.6 million, reflecting an increase of 14.3% over the previous year.
Malta’s GDP went up by 7.5 per cent or €281 million in the third quarter of 2018, according to the National Statistics Office (NSO). Furthermore, according to the European Commission Winter 2019 Economic Forecast, it is estimated that Malta’s economy will grow by 5.2% growth in 2019 and 6.4% in 2020, making Malta the fastest growing economy in the EU zone, followed by Ireland.
On 25 January the Malta Financial Services Authority issued an update on the Virtual Financial Assets Framework to update the public on the progress of the implementation of the regulatory framework.
The Malta Financial Services Authority has recently launched a consultation paper highlighting its vision for the coming years. Labelled as MFSA's Vision 2021 it outlines the authority’s aim to strengthen its processes and paving the way for the future of the financial services industry. Concurrently, the MFSA also launched a consultation document on the MFSA's FinTech strategy, proposing the introduction of a regulatory sandbox and innovation hub.
Even if many believe the world is getting harder to predict, that hasn’t stopped international publications from trying to forecast the year ahead. Here we round up some of the predictions making headlines around the world
How manage the hidden complexities of indirect taxation? It’s not just the immediate demands of VAT/GST that are complex and challenging, but the extent to which it forms part of wider shifts in how businesses are taxed.
