06
29

Virtual Financial Assets Law approved

The Maltese Parliament has unanimously approved the Virtual Financial Assets Bill, the Malta Digital Innovation Authority Bill and the Innovative Technology Arrangements and Services Bill, making it the first jurisdiction to adopt a regulatory framework on Distributed Ledger Technologies (DLTs), more commonly known as ‘blockchain technology’. These three bills target initial virtual financial asset offerings.. read more →

06
28

Increase in VAT exempt threshold

From 1 July 2018 taxable persons whose economic activity consists principally in supplies of services with a high value-added, and whose annual turnover is €20,000 or less are eligible to opt to register for VAT as in terms of article 11 of the VAT Act, thus exempt from charging VAT. read more →

03
01

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 →

01
20

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 →

09
27

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 →

09
16

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 →

01
27

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 →

01
27

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 →

10
25

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 →

09
01

camillerigalea website launched

Camilleri Galea Ltd. is excited to announce the launch of the web site. Designed by Holistic, the website boasts a young and fresh look. The website features services and contact details, thus giving information to our existing and prospecting clients. The website has five main areas: Assurance, Accountancy, Advisory, Corporate and Tax Services. The site.. read more →