02 Apr 2020 Dr Christine Sammut
Malta offers an advantageous procedure by which the importation of yachts to be used in furtherance of a commercial enterprise is not subject to the payment of VAT on such yacht. The procedure was amended in 2020.
Coronavirus financial aid package just launched
By virtue of Legal Notice 69 of 2020, the Maltese Parliament approved various amendments to amend a number of tax residence programmes, namely the Malta Retirement Programme, the Malta Global Residence Programme, The Residence Programme and the United Nations Pension Programme.
23 Mar 2020 Dr Christine Sammut
Earlier this year the guidelines governing the place of supply for the leasing of pleasure yachts were updated by the Commissioner for Inland Revenue. The guidelines explain the ways in which the use and enjoyment of pleasure yachts is to be tackled for VAT purposes.
Healthy Maltese Government Finances and IIP Fund to support Maltese Economy to face COVID-19 downturn through liquidity injections and bank guarantees. Up to €700m in Tax Deferrals and up to €900m in loan guarantees. Postponement of income tax, VAT and National Insurance dues for March & April for Employers & Self-employed. Up to €900m in Government bank guarantees for an additional access of €4.5 billion in credit. The NSDF IIP Fund to provide €150m in b
20 Mar 2020
The spread of COVID-19 is disrupting the operations of all types of industries including the sizeable Malta iGaming industry. The Malta Gaming Authority is following closely the industry development and issuing communications to facilitate the operations of its licensees.
18 Mar 2020
The Maltese property lobby has announced it has concluded an agreement with the Government whereby all promise of sale agreements will be automatically extended due to certain entities such as the Law Courts currently under Coronavirus lock-down.
We will be publishing the legal notice that will be announced soon.
13 Mar 2020
Concurrent to the closure of courts, a legal notice has been issued suspending the running of any legal and judicial terms and of any other time limits including peremptory periods applicable to proceedings or other procedures before the courts.
The Antigua & Barbuda Citizenship by Investment Unit has approved a number of amendments which were published on the 9th of March 2020 with the aim to enhance the Citizenship by Investment Programme.
The Moldovan Parliament has agreed to extend the suspension of the Moldovan Citizenship by Investment Programme until the 1st of September 2020. This effectively means that no applications will be accepted until the expiration of the moratorium.