Archive | Tax

Amendments to HQP Rules

February 26, 2021  |   Posted by :   |   Malta,Tax   |   Comments Off on Amendments to HQP Rules

Legal Notice 29 of 2021 has amended the Highly Qualified Persons Rules (the ‘HQP Rules’) with effect from 31 December 2020. Firstly, non-EU/EEA/Swiss nationals who remain in Malta beyond the four-year period shall no longer be subject to the claw-back of benefits. Furthermore, the possibility of a one-time extension of the benefit, for a period […]

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EC approves Malta tonnage tax scheme

February 19, 2018  |   Posted by :   |   Shipping,Tax   |   Comments Off on EC approves Malta tonnage tax scheme

The European Commission has granted its conditional approval of the Maltese Tonnage Tax Scheme for a period of 10 years. The scheme was assessed under European Union State aid rules and it was found to ensure a level playing field between Maltese and other European Shipping Companies whilst also attracting ship registration towards Europe. The […]

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EU Council agrees on draft directive for addressing tax avoidance practices

August 18, 2016  |   Posted by :   |   Malta,Tax   |   Comments Off on EU Council agrees on draft directive for addressing tax avoidance practices

The Council of the European Union has recently agreed on a draft directive intended to address tax avoidance measures frequently used by large companies. The directive is part of a larger package of proposals coming from the European Commission intended to increase checks against corporate tax avoidance, building on the 2015 OECD recommendations to address […]

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Malta and Vietnam sign DTA

August 16, 2016  |   Posted by :   |   Malta,Tax   |   Comments Off on Malta and Vietnam sign DTA

A Double Taxation Agreement was signed between Malta and Vietnam on 15 July 2016. The Government of Malta welcomed this development as a breakthrough for encouraging investment in both countries, as well as its part in the continued expansion of Malta’s DTA network. Malta has long-standing policy of signing such agreements with emerging countries in order […]

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New Guidelines on VAT Treatment of Aircraft Leasing

May 14, 2016  |   Posted by :   |   Aviation,Tax   |   Comments Off on New Guidelines on VAT Treatment of Aircraft Leasing

The Malta VAT department has recently (April 2016) issued guidelines on the VAT treatment of aircraft leasing which guidelines supersede the guidelines issued back in October 2012. The new guidelines aim to simplify the computation of the effective VAT rate that applies to the long-term leasing of private aircrafts to non-business customers. The guidelines establish […]

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Aviation industry reaching soaring heights

February 11, 2016  |   Posted by :   |   Aviation,Malta,Tax   |   Comments Off on Aviation industry reaching soaring heights

As of 5 February 2016, 214 aircraft have been registered in Transport Malta’s Aviation Registry with a record of 61 aircraft registered in 2015, 6 new operators and an upsurge in the number of pilot and engineer licenses issued by the Authority for Transport in Malta. Many of the registered aircrafts are in fact commercial and […]

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Malta and Curaçao sign DTA

December 01, 2015  |   Posted by :   |   Malta,Tax   |   Comments Off on Malta and Curaçao sign DTA

A double taxation agreement (DTA) initialled by Malta and Curaçao in 2013 (click here for earlier news item) has been signed and ratified by both states on 18 November 2015. The DTA will enter into force as of 1 January 2016. The DTA is mainly based on the OECD Model Tax Convention on Income and on Capital, but includes […]

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Standard VAT return across the EU proposed

November 26, 2015  |   Posted by :   |   Malta,Tax   |   Comments Off on Standard VAT return across the EU proposed

After three years of deliberation, a proposal to amend Council Directive 2006/112/EC has been put together, with the intention of creating an EU-wide standard VAT return which Member States are required to enact in domestic legislation by the 31st December 2016. With the goal of easing the bureaucratic and procedural requirements imposed on businesses in […]

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Highly Qualified Persons Rules amended

August 04, 2015  |   Posted by :   |   Aviation,Employment,Funds,Gaming,Malta,Tax   |   Comments Off on Highly Qualified Persons Rules amended

The Government of Malta has recently issued Legal Notice 225 of 2015 which brings into force amendments to the Highly Qualified Persons Rules. The Highly Qualified Person Rules apply a beneficial tax rate of 15%, on employment income derived in respect of work or duties carried out in Malta, to individuals holding a senior position […]

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DZ&A on Swiss-Maltese Chamber e-Newsletter

November 30, 2014  |   Posted by :   |   Firm News,Malta,Publications,Tax   |   Comments Off on DZ&A on Swiss-Maltese Chamber e-Newsletter

The factors contributing to Malta’s excellent offering as a luxury expat location of choice were highlighted in an article David Zahra wrote for ‘The Telegraph, the e-letter of the Swiss-Maltese Chamber of Commerce which was published on 28 November 2014. The article describes the recently unveiled “The Residence Programme” (for EU/EEA nationals), the “Global Residence Programme” (for non-EU/EEA […]

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