01
24

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 →

01
23

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 →

01
22

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 →

01
21

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 →

01
17

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 →

01
17

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 →

12
27

Malta signs tax convention

Recently, Malta has ratified the Council of Europe/OECD Convention on Mutual Administrative Assistance in Tax Matters. The convention is a freestanding multilateral agreement designed to promote international co-operation for a better operation of national tax laws, while respecting the fundamental rights of taxpayers. The convention provides for all possible forms of administrative co-operation between the.. read more →

11
28

Budget 2013 highlights

The Minister of Finance, the Hon. Tonio Fenech, presented his 2013 Budget Speech on 28 November 2012. Cost of Living Adjustment Cost of Living Adjustment (COLA) will amount to €4.08 per week.  All social benefits are to be increased by the COLA. Personal Income Tax Reduction in income tax will be implemented over the next.. read more →

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 →