The European Commission's 2014 Spring Forecast published on May 5th, 2014 confirms that Malta's economic growth outlook is robust and that the country's public finances are on a sound footing, primarily thanks to strong economic growth, robust labour market conditions, responsible spending review, and government's resource-management efforts. In...
LGA registers €48 million in online gaming in 2013
30 May 2014
The Lotteries & Gaming Authority (LGA) recently published its audited Financial Statements for 2013 and reported that total revenue generated by it amounted to €52.7m (same as the previous year). During the same period total operating expenditure amounted to €2.9m compared to €3.3m in 2012. Furthermore, the Authority registered a surplus...
Malta – Russia Double Tax Treaty Ratified
29 April 2014
The double tax treaty between Malta and Russia signed in April 2013 has now been ratified by both Contracting States. Malta ratified the treaty in June 2013whilst Russia ratified it in early April. It is expected that this treaty will be effective as of the 1st January, 2015. In case of dividends distributed by a Russian resident company to a...
Malta and Moldova sign Double Taxation Treaty
11 April 2014
Foreign Minister George Vella signed the agreement with his Moldovan counterpart Natalia Gherman on the 10th of April 2014. This is the first agreement ever between Malta and the Republic of Moldova. Such agreement eliminating double taxation provides the groundwork for bilateral trade and investment to flourish. The double taxation treaty...
MFSA Launches Rules for Introduction of Loan Funds
02 April 2014
In Malta the approval and licensing of loan funds is regulated by the Investment Services Act which provides for the licensing and regulation of Collective Investment Schemes investing in any type of assets, subject to any conditions the MFSA may impose. Due to the particular nature of the risks involved with loan funds, collective investment...
