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 →
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 →
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 →
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 →
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 →