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 →
Change to Malta residence permit application procedure
Malta’s Citizenship and Expatriate Affairs has announced recent changes to the Malta Residence Permit application procedure, as biometric residency permits were introduced. This means that applicants have to visit the department in person due to the fact that the residency permits shall be issued in biometric format. This procedure has been effective from the 10th of.. read more →