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.
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.
This expansion implies that the updated Guidelines will now offer insights into the mitigating measures that should be adopted. The document explains how CASPs can tailor their risk mitigation strategies, incorporating the utilization of blockchain analytics tools. Moreover, it provides guidance to other financial institutions and credit entities that either have CASPs as clients or are exposed to crypto assets.
As the video gaming landscape continues to evolve, Malta has seized the opportunity to position itself at the forefront of this digital revolution. From the establishment of international video game development studios to the hosting of major gaming events, Malta is carving a niche for itself in an industry that knows no boundaries. This insight delves into the recent Playcon 2023 event, where Grant Thornton played a pivotal role in facilitating a panel discussion on "Unleashing Potential: Growing Your Games Business in Malta."
The subject persons are encouraged to provide their input, as the 'Travel Rule Guidelines' aim to standardize the implementation of EU law and the framework for combating money laundering and terrorism financing.
Responding to the surge in cyber threats coupled with a corresponding escalation in costs associated with cyber security without compromising your long-term business strategy is a significant hurdle. Because of this, Virtual CISO Services emerges as the pragmatic leadership choice for small and medium-sized enterprises.
DORA, a comprehensive regulation, extends its scope across more than 20 various financial entities and encompasses a significantly larger number of competent authorities (CAs). Thus, to ensure a proportionate approach, the ESAs (EBA, EIOPA and ESMA) have established a Joint Committee on Digital Operational Resilience.
Shaping Malta's Future 2023
The primary objective of the regulation is to strengthen the digital operational resilience of entities operating within the EU financial sector and to promote greater consistency in essential digital operational resilience standards for all financial entities across the European Union.
