The Budget Measures Implementation Act 2025 introduces several tax-related measures, most of which are effective as from 17 April 2025, and a summary of these measures is contained below. Vacation of Immovable Property The Income Tax Act already exempts any gain arising from the transfer of one’s own residence, if it has been occupied for...
The Malta Tax and Customs Administration (MTCA) recently announced the establishment of the Large Taxpayer Office (LTO) designed to provide a specialised, coordinated, and integrated service to large companies as well as High Net Worth Individuals (HNWIs) who meet specific eligibility criteria. The eligibility criteria for companies are: Annual turnover exceeding €20 million in any year of...
The economic news these past few days and weeks has reminded me of a 60’s Western film called “The Good, the Bad and the Ugly”. This time the roles are filled by the U.S. in the role of the Good, UK in the role of the Bad and Europe in the role of the Ugly....
The covid 19 pandemic has been with us for over two years now and it has impacted the global economy significantly. However, not all sectors of the economy were hit equally. In this article, we will have a look at which sectors within the Maltese economy were worst hit by the pandemic and those which...
The Government of Malta has recently published Bill No. 233 which proposes a number of amendments to the Companies Act (Chapter 386 of the Laws of Malta). The amendments primarily relate to clarifying the qualifications for persons to act as directors of Maltese companies (including specifically inserting as a disqualification the lack of a company...