28 Feb 2018 Kenneth A Camilleri
The Maltese embassy in the People’s Republic of China (PRC) – seated in the Chinese capital, Beijing – took the form of a school as it welcomed students from some of the best schools in this city including Tsinghua University Middle School.
28 Feb 2018 Chetcuti Cauchi
Notional Interest Deduction Rules 2018
28 Feb 2018 Chetcuti Cauchi
OECD publishes updated Harmful Tax Practices Progress Report on Preferential Regimes
The Israeli Tax Authority has issued a circular noting that cryptocurrencies will be taxed as assets subject to capital gains tax at 25% for private investors and at a 47% marginal rate for businesses.
Saint Kitts Citizenship by Investment Programme Reduces Government Fees on Real Estate option as to US$75,000 as a response to requests made by real estate developers
February 2018 is a historic month. Malta launched the first ever framework for the launch of the Malta Digital Innovation Authority which will pave the way to having a regulatory framework for the technologies of today and tomorrow.
02 Feb 2018
For commercial yacht operators to benefit from Malta tonnage tax, and therefore be exempt from paying income tax, such yachts need to engage in shipping activities in accordance with the definition provided in the newly-amended Merchant Shipping Act in addition to a significant part of their fleet being required to fly the flag of an EEA State. Commercial yacht operators to benefit from Malta tonnage tax would then be charged a flat-rate rate of tax based on tonnage as opposed to income.
02 Feb 2018
After years of scrutiny and various amendments made to the original proposal, the Malta Tonnage Tax Regime has finally been approved by the European Commission. Promoting Malta's presence within the Merchant Shipping sector, the fiscal benefits which apply will be highly advantageous to shipping organisations. Having been officially approved, this scheme has been upheld as compliant with the EU State Guidelines and fair competition rules within the European Union.
MFSA has issued Supplementary Conditions for PIFs investing in VCs to ensure investor protection and market integrity, as well as the soundness of Collective Investment Schemes which invest in VCs. The Conditions require that involved parties are competent in the industry, that adequate risk warnings are included and quality assessments are carried out on the soundness of the VC. The manager of the Scheme will also need to undertaking a risk and liquidity management exercise.
23 Dec 2017
The MGA has just put into effect the new Gaming Licence Fees Regulations that have been altered through the publication of Legal Notice 409 of 2017