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 →
Double tax agreement signed by Malta and Mexico
A Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (Double Tax Treaty) has been signed by Malta and Mexico. The primary objective of this signing is to eliminate double taxation obstacles to trade and investment between Malta and Mexico. Moreover, the treaty provides for.. read more →
Directors’ fees – Malta tax guidelines
The Inland Revenue Department has issued a guidance note in relation to the tax implications where non-resident directors receive directors’ fees from companies resident in Malta. Directors’ fees are fees and similar payments received by a person in his capacity as a member of a board of directors and does not include remuneration in respect.. read more →