The Micro Loan Guarantee Regulations, 2013 were published by means of L.N. 101 of 2013 whereby an eligible enterprise carrying on or carrying out, or intending to carry on or carry out in Malta a qualifying activity, which fails to obtain a conventional loan from an authorised bank, may be considered by the Malta Enterprise Corporation to be...
Malta-Turkey & Malta-Ukraine Double Taxation...
02 October 2013
In 2011 Malta and the Republic of Turkey signed a Double Taxation Agreement (DTA) which refers to Taxes on Income. The DTA will come into effect shortly, precisely in January 2014. Moreover, on 4th September 2013 Malta and Ukraine also signed a tax treaty. Republic of Turkey Interest 10 per cent withholding tax on interest Royalties 10 per cent...
Malta Retains Top 20 Placing in WEF Report
01 October 2013
The Global Competitiveness Report 2013 -2014 published recently by the World Economic Forum ("WEF") has confirmed Malta's placing among the top 20 financial services jurisdictions. The Report takes into account the various factors that can help determine a country's competitiveness and helps identify the levels of prosperity that a country makes...
Malta on Time and in Line with Rules for Hedge...
30 September 2013
16 of the 28 EU Member States failed to hit the July 22 deadline for the alternative investment directive forcing fund companies in non-compliant states to halt alternative fund sales to certain countries or risk falling foul of their regulators. Research by KPMG also hints that some Member States still face a long road to full implementation of...
Maltese Aviation Sector Continues to Flourish
26 September 2013
The holistic approach adopted by the Maltese authorities in providing a regime that ticks all the boxes for operators within the aviation sector is bearing fruit and Malta is experiencing increased interest in its aviation industry. In fact in September the Maltese aircraft register recorded an almost 20% increase from the beginning of 2013....
