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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 different...

The double tax treaty between Malta and the United Mexican States came into force on 9 August 2014. This treaty affords double taxation relief in relation to (i) the federal income tax and (ii) the business flat rate tax, as imposed by the laws of the United Mexican States and income tax, as imposed by the...

The right to equal pay between men and women for equal work or work of equal value has been a founding principle of the European Union since the Treaty of Rome in 1957. Despite the legal On the 8 August, 2014, the Minister for Finance issued The Residence Programme Rules, 2014 which replace The High Net...

On 10 April 2014, Malta and the Republic of Moldova signed an Agreement on the Avoidance of Double Taxation. The Agreement on the Avoidance of Double Taxation, the first ever between the two jurisdictions, seeks to enhance bilateral trade and to increase investment. The main features of the Agreement on the Avoidance of Double Taxation are...

The ‘Treaty for the Elimination of Double Taxation’ signed by Malta and the Principality of Liechtenstein on 27 September 2013 has entered into force on 1 July 2014 by Legal Notice 259 of 2014. The treaty is based on the OECD Model Convention and relates to taxes on income, on capital and on funds. The treaty...

The Russian Federal Council has approved the Malta-Russia Double Taxation Treaty on 26 March 2014 and Russian President Vladimir Putin has signed the law ratifying such treaty on 2 April 2014. The Double Taxation Treaty had been signed on 14 April 2013 and approved by the State Duma on 21 March 2014. Malta had ratified the...

Malta and the United States of America have signed ?a bilateral inter-governmental agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA) on Monday 16 December 2013. FATCA improves international tax compliance through mutual assistance in tax matters based on an effective infrastructure for the automatic exchange of information...

Malta and the Cayman Islands have recently signed a  Tax Information Exchange Agreement. The TIEA, which provides for a full exchange of information between the two jurisdictions on tax matters, was signed on 25 November 2013 at the Malta High Commission in London. Both Malta and the Cayman Islands are members of the OECD Global...