"My biggest fear is that I become useless or less useful by not being up to date "

- Paul Polman

Malta Economic Regeneration Package

June 07, 2020

On 8th June 2020, the Maltese Government announced a package of measures aimed to regenerate the economy following a number of restrictive measures taken to combat the COVID 19 pandemic.

Financial Aid Package - COVID-19

March 24, 2020

Financial aid package and measures introduced in light of COVID-19.

Relocate to the beautiful Island of Malta

August 29, 2017

In 2013 Malta introduced a Global Residence Scheme allowing for third country nationals and nationals of the EEA or Switzerland, to apply for special tax status, thus attracting these nationals to benefit from this Programme. The individuals may not be long term residents, however, they are not precluded from working in Malta, provided that they satisfy the requisite conditions for obtaining a work permit.
 

July 05, 2017

There is a common misunderstanding when it comes to issuing either a tax invoice or a fiscal receipt.
 

One must be very careful when issuing such documents in order to remain compliant with the Value Added Tax Act and avoid any penalties which may be incurred.

 

A tax invoice must be issued when a person registered under Article 10 makes a supply to another registered person.

 

A fiscal receipt must be issued when a registered person makes a supply to a non-registered person. A practical example of this would be a restaurant issuing a fiscal receipt to its customers.

The End to a Life of a Company

June 04, 2017

The legal procedure by which the corporate life of a company is brought to an end is known as liquidation, which may be defined as ‘the termination of legal existence of company by closing its business’.

Contact us for more details and click on the below link for the full article.

http://theaccountant.org.mt/liquidation-a-practical-perspective/

Beneficial tax rates for EU/EEA/Swiss Nationals through The Residence Programme

May 08, 2017

Applicants will be subject to tax at a rate of 15% on any income that is received in Malta from foreign sources. This special tax rate is applicable on income received by both the beneficiary and the dependants. This special tax rate applied from the year of confirmation of the special tax status up to the year of cessation of status, both years included. Any other income that is chargeable to tax in Malta in terms of the Income Tax Acts of the beneficiary and the dependants, is charged at the rate of 35%.

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