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 →


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 →


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 →


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 →


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 →


Malta and Moldova sign double tax treaty

Malta and Moldova have signed the double taxation agreement between the two countries.  This agreement was signed by the Malta Foreign Minister George Vella and Moldova Deputy Prime Minister Natalia Gherman on 10th April 2014. The agreement was signed in line with the European Union’s encouragment for the integration of Moldova and Georgia.  Malta promises.. read more →


Budget highlights 2014

The Minister of Finance, the Hon. Prof. Edward Scicluna, presented his 2014 Budget Speech on 4 November 2013.  Cost of Living Adjustment Cost of Living Adjustment will be €3.49 per week.  Consequently, the minimum wage will increase from €162.19 to €165.68 per week.  Tax law will be amended so that all persons earning the minimum.. read more →


Global residence programme

The Global Residence Programme Rules were introduced by virtue of Legal Notice 167 of 2013 and these rules came into force with effect from 1st July 2013. The new scheme is so far the most advantageous residence scheme available to non-EU nationals, particularly since the minimum value threshold related property investments and rental has been.. read more →


Malta and Russia sign new double taxation agreement

Malta and Russia have signed a double taxation avoidance agreement. The agreement was signed at the Russian Finance Ministry on 24 April 2013 by Maltese ambassador Raymond Sarsero, and the Deputy Minister of Finance, Sergey Dmitrievich Shatalov. Malta Foreign Minister George Vella said that the signing of this agreement reflected his ministry’s commitment to promote.. read more →


Malta and Liechtenstein have finalised negotiatiations of a double taxation treaty

Malta and Liechtenstein have finalised negotiatiations of a double taxation treaty. Based on the Organisation for Economic Cooperation and Development’s Model Convention, this agreement relates to taxes on funds, capital and on income. This double tax agreement is being defined by Liechtenstein’s Prime Minister Klaus Tschütscher as another step in deepening relations with the European Union while encouraging.. read more →