Income tax exemption for artistic royalties
Income tax exemption for artistic royalties The Minister of Finance, the Economy and Investment had announced in his November 2011 budget speech that an Income Tax exemption was to be introduced in respect of royalties received from certain copyrightable intellectual property on books, film scripts, music and art. This exemption is now in force. The.. read more →
Guernsey concludes comprehensive dta with malta
Guernsey has announced the signing of a comprehensive Double Taxation Agreement with Malta, which will allocate the territories’ taxing rights to ensure that double taxation is removed from bilateral trade and investment, and also permit tax information exchange on request. The agreement is Guernsey’s third comprehensive DTA, following agreements with United Kingdom and Jersey. However,.. read more →
Malta’s ship register largest in europe
For the first time in its maritime history, Malta has the largest ship register in Europe, Transport Minister Austin Gatt said this morning. Addressing a press conference about the Malta Maritime Register, the minister said Malta was seventh in the world, increasing its tonnage by 16 per cent last year over 2010. Malta’s register was.. read more →
Malta gets top marks in eu single market review
Malta gets top marks in EU Single Market review Malta is one of the best EU member states in adopting EU rules enabling its citizens the benefits of the Single Market, according to a new report presented by Internal Market Commissioner Michel Barnier in Brussels. Analysing the implementation of the various rules which oil the.. read more →
Malta’s ship register largest in europe
Malta’s ship register largest in Europe Malta is seventh in the world, increasing its tonnage by 16 per cent last year over 2010. Malta’s register iss very diverse and listed all types of vessels including cruise liners and super yachts. Some 300 super yachts were registered on Malta’s register by last year when there was.. read more →
Reduction in penalties and interest
The Reduction in Penalties and Interest Scheme is being extended for one last time. This scheme applies to Individuals, Companies and Employers who are not up-to-date on their tax documents and payments. To benefit from a reduction of up to 85% of penalties and interest: Submit pending tax returns by not later than Friday 30.. read more →
Permanent residence scheme reworked to attract ‘higher quality’ of individual
The rules are part of a revamped and updated version of the now-defunct permanent residence scheme, which government suspended in December after several exploitations of the system were uncovered. The most high-profile of these was one instance where an EU national had qualified for overseas medical treatment for a serious chronic illness at the expense.. read more →
Aviation industry in malta – updates
An aviation park spanning 20 hectares and costing the government €17 million is being built on the outskirts of Safi Malta. As time goes by more and more aviation companies are investing in hangars for aircraft maintenance. Large aviation companies are investing millions of Euros to build new hangars and office blocks to expand their.. read more →
Malta voted as one of the two best climates on earth by international living
This year, two countries tied first place for the best climate in the world. They’re both English-speaking but only one is safe, excellent health care and ocean views… Well, despite a n… read more →
Highlights budget 2011
Cost of living allowance · The weekly cost of living increase for 2011 is €1.16 with full compensation applicable also for pensioners. · Cost of living allowance will not be taken into consideration when calculating benefits which are means tested ensuring that the increase in cost of living would not result in a decrease in benefits. Employment.. read more →