News & Views

Malta/Macao TIEA Signed

30 June 2013

On May 30, 2013 the Republic of Malta and Macao Special Administrative Region of the People's Republic of China signed the Tax Information Exchange Agreement that had in previous months been negotiated by the Finance Authorities of the two sides. The signing ceremony was held at the Embassy of Malta in Beijing. The agreement aims at promoting...

Reduce Rates on Yacht charters

08 June 2013

On the 29 July 2013, the VAT Department published new guidelines in relation to the VAT treatment of short term charters starting in Malta. The guidelines define that a short term charter of a yacht is an agreement whereby the yacht owner/operator contracts the use of the yacht for a consideration with a crew or on a bareboat basis for not more...

Residency Scheme Revamped and Improved

01 June 2013

Global Residence Programme drastically reduces thresholds A new and more favourable residence programme for (non-EU) foreigners was launched this week. It replaces the High Net Worth Individuals Scheme and will be known as the Global Residence Programme. The Global Residence Programme will allow foreigners who buy high value property and pay...

Malta shows 'remarkable resilience' in face of...

17 May 2013

Country set to continue to outperform euro area average The IMF has stated that Malta has shown remarkable resilience in the face of a major crisis in Europe, and its main challenge is to preserve this macroeconomic stability. This resilience was supported by robust export growth and a sound banking system. Further noted was that the average...

Malta signs DTA’s with Russia and India

25 April 2013

Russia Malta and Russia have just signed a double taxation avoidance agreement. Once ratified, the new treaty will replace the Malta - Russia Income Tax Treaty (2000). Moreover, the income tax treaty between Malta and Russia, signed on 15 December 2000, is superseded by the new treaty and will therefore never enter into force Foreign Minister...