11
06

Malta, Czech Republic sign multilateral tax agreement

The Organisation for Economic Cooperation and Development (OECD) announced that Malta and the Czech Republic have signed the Convention on Mutual Administrative Assistance in Tax Matters. The announcement was made at the Global Forum meeting in Cape Town, South Africa. OECD Deputy Secretary General Rintaro Tamaki said that ”The Multilateral Convention on Mutual Administrative Assistance.. read more →

10
27

Camilleri Galea Ltd. accepted as full members of the ‘intercontinental grouping of accountants and lawyers’

We are delighted to announce that at the Annual General Meeting of the ‘Intercontinental Grouping of Accountants and Lawyers’ (IGAL) held today in Venice a resolution has been approved to accept Camilleri Galea Ltd. as full members with the association. IGAL’s members are dedicated to providing expert and personal assistance to reduce the obstacles of doing business in.. read more →

10
24

VAT department issues guidelines for the treatment of the lease of an aircraft

The VAT Department has recently released a set of guidelines stipulating how aircraft leasing is treated for the purposes of Value Added Tax. A lease agreement of an aircraft is an agreement whereby the lessor, being the owner of the aircraft, contracts the lessee the right to use the aircraft against payment of a consideration… read more →

08
01

Double tax treaty between Malta and Switzerland enters into force

The Double Tax Treaty between the Swiss Federation and Malta for the avoidance of double taxation with respect to taxes on income should have effect as from 1 January 2013. This development is particularly relevant for companies and individuals established in Malta who receive income in the form of dividends, interest and royalties from Switzerland… read more →

06
01

Income tax exemption for artistic royalties

Income tax exemption for artistic royalties The Minister of Finance, the Economy and Investment had announced in his November 2011 budget speech that an Income Tax exemption was to be introduced in respect of royalties received from certain copyrightable intellectual property on books, film scripts, music and art. This exemption is now in force. The.. read more →