EU ATAD implemented into Maltese law
On 11 December 2018, the regulations of the EU Anti-Tax Avoidance Directive were implemented into Maltese tax law by means of Legal Notice 411 of 2018. The new regulations came into force on 1 January 2019, with the exception of the rule relating to exit taxation, which shall... Read More
The Malta Digital Innovation Authority: Bringing Sanity to the Blockchain Island Frenzy?
The Malta Digital Innovation Authority (MDIA) was established by virtue of Chapter 591 of the Laws of Malta, the Malta Digital Innovation Authority Act, which became effective on the 1st of November 2018.
The MDIA is the primary authority responsible for promoting all governme... Read More
Accounting services for aircraft owners and operators
Are you ready for take-off?
Though business aviation was once considered a luxury which only the wealthy and top global companies could afford, it has today become indispensable for businesses of all sizes, government organizations and even charities to survive, compete and th... Read More
Recent tax updates
On 11 December 2018, the provisions of the European Union Anti-Tax Avoidance Directive (ATAD) were transposed into Maltese tax law. The key components of ATAD are:
Interest deduction limitation rules
General anti-abuse rule (GAAR)
Controlled foreign company (CFC) r... Read More
Tax Legal Notices Q3 2018
L.N. 297 of 2018 – Value Added Tax Act (Amendment of Third Schedule) Regulations, 2018
L.N. 298 of 2018 – Value Added Tax Act (Amendment of Twelfth Schedule) Regulations, 2018
L.N. 299 of 2018 – Value Added Tax Act (Amendment of Fourteenth Schedule) Regulations, 2018
... Read More
ARQ Group Conference | GOING BEYOND
On 14th September all ARQ Group employees attended a full-day conference in what is set to become an annual appointment in the Group’s calendar. This event provided an opportunity for all staff to take a step back from their normal responsibilities and come together to discuss ... Read More
UK introduces new penalties for overseas investors dodging tax
Britain’s so-called “requirement to correct” (RTC) legislation came into force yesterday, 30 September, and requires taxpayers to declare any foreign assets that could affect their UK income tax, capital gains tax or inheritance tax.
Investors who notified HMRC (Her Maje... Read More
Malta Enterprise Support Measures
Malta Enterprise provides incentives for enterprises demonstrating commitment towards growth, an increase in value added and employment. Enterprises engaged in manufacturing, ICT development activities, healthcare, pharmaceuticals, biotechnology, education and training and more m... Read More
AML requirements for gaming companies – FIAU and MGA guidance
The transposition of the 4th Anti-Money Laundering Directive (2015/849) into the Maltese Law through Legal Notice 372 of 2017 has broadened the definition of land-based casinos as from 1st January 2018. The revised description now includes all types of “providers of gambling se... Read More
The economy continued to grow at a sustained rate. Provisional estimates issued by the National Statistics Office (NSO) indicate that the Gross Domestic Product (GDP) for the second quarter increased by 8.6% in nominal terms when compared to a year earlier. In real term... Read More
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