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On the 5th of November 2024, the European Council approved a set of measures designed to modernise the EU's value-added tax (VAT) framework for the digital era. The legislative package includes new regulations for electronic invoicing, real-time data reporting, and transactions conducted via digital platforms. These changes aim to combat tax fraud, support businesses, and advance digitalisation.

The Malta Financial Services Authority (MFSA) has been conducting a number of consultations to gather valuable insights as part of the review and update of the Financial Institutions Rulebook. As part of this process the MFSA released further enhancements to the Financial Institutions Return (FI Return), governed by Chapter 3 of the Financial Institutions Rulebook (FIR/03).

The European Union finds itself at a pivotal moment, grappling with economic challenges and mounting calls for reform. Recent discourse around the EU's regulatory framework and its focus on net-zero emissions underscores concerns over competitiveness and growth. Meanwhile, the United States, under the Trump administration, has taken a different path, recalibrating its strategies and presenting challenges to the EU's approach.

The landscape of work continues to evolve across Europe, with remote working emerging as a significant driver of organizational change. A new study conducted across 15 European countries offers fresh perspectives on how this transformation is reshaping both business practices and employee expectations.

Explore how effective employee incentive schemes can drive business success by enhancing motivation, retention, and performance. This article discusses key strategies, including competitive compensation, long-term incentives, and performance-linked pay, to create a thriving workforce. Learn how to align employee rewards with company goals and shareholder interests to foster loyalty and achieve sustained growth.

In today's dynamic business landscape, compliance audits are crucial for navigating regulations and achieving sustained success. Discover how these audits not only ensure compliance but also help your organisation thrive, setting you apart from other audit types.

Discover the real impact of corruption in the EU, as revealed by the 2023 Eurobarometer survey.

Get to know about the latest news about EU rules to combat financial crime. Discover how we can help you navigate these regulations.

The FATF identifies jurisdictions with insufficient measures against money laundering and terrorist financing in two public documents released three times annually. The FIAU supports these documents through a Guidance Note on High Risk and Non-Cooperative Jurisdictions, requiring subject persons to adhere to the FATF's findings. This ensures enhanced compliance and vigilance in financial operations.

The Malta Financial Services Authority (MFSA) launched a consultation process to revise Chapter Chapter 3 of the Financial Institutions Rulebook (FIR/03).

Article 14 remains one of the most important articles within Malta's Income Tax Act, in view of the deduction pertaining to expenditure of a capital nature in relation to Intellectual Property ("IP") or Intellectual Property Rights ("IPR").

In recent years, Malta has witnessed drastic changes in measures being implemented to effectively combat money laundering and funding of terrorism. This is even evident in the increased efforts by the FIAU to ensure that all subject persons are doing their part in the prevention, detection, and mitigation of these crimes.

The demand for highly skilled workers within the investment services sector and insurance sector has expanded rapidly over the past years. In view of this, Article 6 within Malta’s income tax framework remains one of the most beneficial regimes aimed at attracting such workers to work for companies licensed and/or authorised by the Malta Financial Services Authorities. Such expatriates can benefit from a favourable tax status due to the tax exemptions as provided under the same mentioned article.

Explore Malta's Nomad Residence Programme offering tax exemptions and reduced rates for remote workers. Learn about eligibility criteria, income tax regulations, and reporting requirements for digital nomads. Discover how this scheme facilitates remote living while retaining foreign employment or servicing clients abroad, making Malta an attractive destination for those seeking a tax-friendly environment for their nomadic lifestyle.

On October 6th 2023, the Minister for Finance published Legal Notice 231 of 2023, introducing a new 12% VAT rate on selected services. This aligns with EU directives for VAT rates across member states. Locally, this amendment to the VAT Act's Eighth Schedule offers a reduced VAT ate of 12% on certain services.

While the NRA paints a cautiously optimistic picture, with an encouraging decrease in overall money laundering risk compared to 2018, it also unveils persisting challenges that require proactive adaptation from businesses and authorities alike as explored in this article.