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 →


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 →


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 →


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 →


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 →