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 →


Malta ratifies maritime labour convention

In transmitting the instrument of ratification, Malta’s permanent representative in the UN, John Grech, stated that Malta, being a small archipelagic state in the Mediterranean, has traditionally regarded the shipping sector as vital for its economic development and is proud to have the largest ship register in the EU and the 7th largest register among the.. read more →


Amendments to VAT invoicing 2013

New EU tax rules entered into force as from 1 January 2013. These include the VAT electronic invoicing and the cash accounting option for small businesses. Council Directive 2010/45/EC of 13 July 2010 amended Directive 2006/112/EC on the common system of value added tax as regards the rules on invoicing. The new rules relate to the.. read more →


Malta Saudi Arabia double taxation agreement signed

On 1st December 2012, the Double Taxation Relief (Taxes on Income) (The Kingdom of Saudi Arabia) Order, 2013 entered into force. On 2nd January 2012, the convention was signed. The tax treaty had been approved by Saudi Arabia’s Cabinet on 17th September, 2012 and was published in Malta’s Government Gazette on the 15th of January 2013. Although mainly.. read more →