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...
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 to...
Fantasy sports games have been recently exempted from the terms of the Lotteries and Other Games Act and/or the Remote Gaming Regulations and will now no longer require a gambling license for legal operation in Malta. The change, enacted via Legal Notice 271 of 2016 and entitled the Fantasy Sports (Exemption) Regulations (S.L. 438.10), comes...
Anndrea Mercieca, from David Zahra & Associates Advocates, recently attended ‘The Yacht & Superyacht Symposium 2016?. The event was held on 9 June 2016 at the Westin Dragonara Resort and was organised by the Malta Institute of Management (“MIM”). The symposium focused on yachting within the European territories and the advantages introduced by various jurisdictions around...
David Zahra has recently spoken at a conference entitled “Fare finanza islamica da Malta: la costituzione di fondi Shariah Compliant” and organised by Bank of Valletta’s Representative Office in Milan and Valletta Fund Services. This event, held on May 18 in Milan, dealt with the opportunities offered by Malta n the Islamic Finance sector with particular focus on the...
Legal Notice 131 of 2016 (the “Legal Notice”) introduces new amendments to Malta’s Remote Gaming Regulations (the “Regulations”) establishing new obligations on entities that are licensed in terms of the said Regulations. Article 46A of the Regulations states that specified casino-type games offered under remote gaming licenses issued by the Malta Gaming Authority (MGA) shall...
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...
DZ&A has recently attended the ‘London on Water’ boat show organised at St Katharine’s Dock as well as the Superyacht Owners’ Summit at Old Billingsgate, in London. St Katherine’s Dock showed off the new lines from Princess and Sunseeker. Old Billingsgate, on the other hand, showcased an array of services offered relating to land, air and sea....
Anndrea Moran, Senior Associate at David Zahra & Associates Advocates, has recently been appointed an executive committee member of the Malta Maritime Law Association (MMLA). Anndrea has been a member of the MMLA since July 2013. The MMLA is a non-profit making voluntary organisation which was set up in 1994. The MMLA aims to promote the...
David Zahra, with the valuable assistance of Francesca Ferrando, has contributed to the Maltese chapter in the fifth edition of Global Legal Insight – Mergers & Acquisitions published by Global Legal Group Ltd, London. The article fmailto:francesca@davidzahra.comirst gives an overview of the Maltese market, then explores the relevant laws that govern mergers and acquisitions and finally highlights recent developments and...
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