02
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Microinvest tax credit 2017 for Micro Enterprises and Self-Employed

Micro enterprises and self-employed persons may benefit from Microinvest tax credit equivalent to 45% of eligible expenditure (subject to certain conditions). An additional bonus of 20% (total 65% tax credit) applies to undertakings operating from Gozo, registered as Family Business or having more than 50% of the ownership attributed to female persons. For an eligible cost to be claimed under Microinvest,.. read more →

02
01

Micro invest tax credits 2015

Deadline: The deadline for the submission of applications for the micro invest tax credits in respect of eligible expenditure incurred in 2015 is the 30th March 2016. Eligible micro enterprises and self-employed that:  employ less than 30 employees; and whose turnover does not exceed €10 million. Qualifying expenditure includes: Capital investment in new 9(or first.. read more →

01
21

Tax deductions relating to donations made to the Malta Community Chest Fund

Tax deductions relating to donations made to the Malta Community Chest Fund are regulated by Subsidiary Legislation 123.162, ‘Donations (Community Chest Fund) Rules’. The rules were amended to apply for donations made between 1st January and 31st December 2015. The percentage of deduction allowable was amended whereby 100% donations exceeding €2,000 will be allowed as.. read more →

01
21

convention between malta and netherlands in respect of curaçao for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income

On 18th November 2015, Malta and the Caribbean island of Curaçao have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect of taxes on income.  The agreement was signed by Malta’s Finance Minister, Edward Scicluna, and his counterpart from the constituent country of the Kingdom of the.. read more →

01
20

Highly Qualified Persons (Amendment) Rules, 2015

EEA or Swiss nationals who benefit from the Highly Qualified Persons rules are eligible for a one-time extension of five years to their qualifying period. These persons may benefit from such rules for a maximum period of ten years. This extension is not available for persons who were resident in Malta before 1st January 2008. The Highly.. read more →

06
05

Rent Arrears Scheme

The deadline of the rent arrears scheme is 30th June 2015.  Such rental arrears scheme is applicable in relation to undeclared rental income earned during calendar years 2005 to 2012.  Such undeclared rental income may be declared and a flat tax rate of 15% is to be paid on such undeclared rental income.  Such 15%.. read more →

04
02

Personal Retirement Scheme Rules 2015

Amendments to the Personal Retirement Scheme Rules, were issued in 2015, through Legal Notice 117 of 2015, that have raised the maximum amount of tax credit in relation to any personal retirement scheme or policy of insurance provided for by Article 57(1)(b) of the Income Tax Act from €150 to €300.  This Legal Notice has.. read more →

08
09

Double Tax Treaty between Malta and United States of Mexico

The double tax treaty with respect to the avoidance of double tax and the Prevention of fiscal evasion in relation to tax on income between Malta and the United States of Mexico has entered into force on 9 August 2014 as a result of Legal Notice 332 of 2014. read more →

08
08

The Malta Residence Programme for EU Nationals

The Residence Programme is designed for wealthy individuals and their families who are not already permanent residents in Malta to attract them to take up residence in Malta.  This is an upgrade of the residence programme to nationals of the EU, EEA or Switzerland, the High Net Worth Individuals (EU/EEA/Swiss Nationals) Rules.    The tax benefit under this.. read more →

07
29

The double taxation treaty between Malta and Liechtenstein has come into force

The Convention between the Government of the Republic of Malta and the Government of the Principality of Liechtenstein for the avoidance of the double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital has come into force as from 1st July 2014. read more →