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Malta's new VAT and Gaming Tax framework marks a strategic shift for iGaming operators. Learn how VAT recovery and tax consolidation reshape compliance and profitability.
IFRS 18 becomes effective from 1 January 2027, introducing significant changes to the presentation and disclosure of financial statements. Learn how businesses can prepare early through impact assessments, system reviews, training and implementation planning.
Legal Notice 184 of 2026 introduces important changes to Malta’s beneficial ownership reporting framework, including new disclosure requirements, enhanced transparency obligations and the introduction of Form BO4. Companies should review their records and reporting procedures to ensure compliance with the updated regulations.
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.
Discover Malta’s Micro-Invest Scheme, an initiative by Malta Enterprise to encourage small businesses. Eligible enterprises can benefit from tax credits for innovation, expansion, and operational development. Learn more about the scheme’s benefits and application deadlines.
Malta Enterprise’s Green Mobility Scheme supports businesses in transitioning to more sustainable transportation. It encourages the adoption of electric vehicles, provides cash grants and tax credits for charging infrastructure, and promotes leasing of clean commercial vehicles. Make your business environmentally friendly with our assistance.
In March 2024, the Malta Council for Science and Technology has launched the calls for proposals for five Horizon Support Measures to help Maltese entities participate in Horizon Europe.
Unlock growth opportunities with EU digitalization funding. Explore programs for businesses, including micro enterprises. Leverage the Cyber+Alt and Cyber Assess schemes to enhance your digital capabilities. Discover how to transform your business in the digital age.
The yachting industry is undergoing a transformative shift with the introduction of the Small Commercial Yacht Code (sCYC). This comprehensive regulatory framework applies to commercial yachts under 24 meters in length, emphasizing safety, compliance, and technological advancements. Dive into this insightful article to explore how sCYC impacts the industry and stay informed about the evolving landscape.
In the heart of the Mediterranean, Malta has recently introduced formal transfer pricing rules through Legal Notice 284 of 2022. These rules, are set to reshape the landscape of multinational transactions in Malta. The new rules apply to basis years commencing on or after 1 January 2024, affecting both new arrangements and those materially altered after this date.
The Financial Action Task Force (FATF) maintains a "grey list" of countries with strategic deficiencies in their anti-money laundering and counter-terrorism financing (AML/CFT) frameworks. These jurisdictions are included when they fail to meet FATF standards or if there are concerns about their AML/CFT measures. Reasons for inclusion on the list include weak AML/CFT frameworks, insufficient customer due diligence, lack of cooperation, and presence of terrorist financing. Being on the grey list brings increased international scrutiny, impacts access to global financial systems, and affects a country's economy and reputation. To be removed from the list, countries must address the identified deficiencies and demonstrate progress in strengthening their AML/CFT frameworks.
In an era where sustainability is not just a buzzword but a business imperative, Malta has marked a significant milestone with the issuance of its first green bond. This pioneering move not only reflects the market’s early steps in the commitment to sustainable development. It is a signal that there are new financing avenues for companies looking to contribute to a greener future. But how does a company in Malta issue a green bond? This article provides a simple guide, outlining the main steps and key considerations for companies who are interested in raising capital for environmentally friendly purposes.
Explore the Notional Interest Deduction (NID) and its role in reshaping financing strategies for businesses. Learn how NID bridges the gap between debt and equity financing, offering tax-efficient alternatives. Discover the mechanics of NID, including calculation methods and limitations. Consult the expert advisors at Grant Thornton Malta for personalized tax-saving solutions and embark on a rewarding journey towards financial success.