COVID-19 Postponement of Payment of Certain Taxes

The Commissioner for Revenue today announced a Tax Deferal Scheme intended to assist organisations cope with the problems they face as a result of the pandemic mitigation measures in place. Eligible Tax: Provisional tax, Employee taxes, maternity fund payments and social security contributions, social security contributions of self-employed persons and Value Added Tax which fall due.. read more →


Covid19 – Facilitation of Teleworking Activities

In order to facilitate employers to provide teleworking arrangements to their employees who can carry out their work from their residence now any business can request assistance to be given to cover a 45% of eligible costs up to Eur500 per teleworker incurred after 1st of March 2020 to purchase a) Purchasing and/or leasing of.. read more →


Withholding Tax on Assignments of Rights acquired under a Promise of Sale Agreement

One of the budget measures announced for 2020 refers to the taxation of income derived from assignments of rights acquired under a promise of sale agreement (ċessjoni ta’ konvenju). The measure applies to assignments made as from 1 January 2020 and the relative legislation will be made retroactive to that date. In the meantime, notaries.. read more →


Budget Highlights

Following is CamilleriGalea summary for Budget 2020 COLA to be €3.49 per week. This will be granted as a pro-rata increase to students’ stipends. A one- time bonus will be given to each household, €15 for a single person household and €35 for households with two or more persons First 100 hrs of overtime of.. read more →


Patent Box Regime

On 13 August 2019 Malta introduced a patent box regime by virtue of the ‘Patent Box Regime (Deduction) Rules, 2019’, Legal Notice 208 of 2019 (the ‘Rules’). The Rules provide a basis on which the deduction laid down in article 14(1)(p) of the Income Tax Act (the ‘ITA’) may be claimed and shall apply in.. read more →