News & Views

Aircraft Finance Leasing

04 December 2012

Following Malta's enactment of the Aircraft Registration Act of 2010 and its implementation of the Cape Town Convention, Malta has seen increased interest in its aviation industry. In fact as at May 2012, the Maltese aircraft register numbered over 100 aircraft. The benefits of Malta as an aviation registry include an attractive fiscal regime;...

Budget Overview 2013

30 November 2012

On the 28 November 2012, the Minister of Finance, the Economy and Investment presented the budget for 2013. He emphasised the importance of growth of the financial services industry and stated that a considerable number of recommendations put forward by operators within the industry would be implemented during 2013. Financial services industry...

Malta Scores Well in Investment Attractiveness Survey

23 November 2012

Ernst & Young's survey (published 23rd November) among foreign and local companies in Malta shows that the majority feel that Malta is an attractive location for foreign direct investment. The stock position of Foreign Direct Investment (FDI) in Malta at the end of December 2011 stood at €12.5 billion. The results of the Malta Attractiveness...

Global Forum on Tax Transparency Welcomes New Members and Reviews 12 Countries

22 November 2012

On the 29th October, at the Global Forum in Cape Town, South Africa, delegates from 81 jurisdictions and 11 international organisations assessed whether all Forum members are exchanging tax information effectively. On the occasion of the Global Forum meeting, the Czech Republic, Malta and New Zealand signed the Convention on Mutual...

VAT Department publishes Aircraft Leasing Guidelines

13 November 2012

In virtue of the aircraft leasing guidelines just published by the Maltese VAT department a lower effective rate of VAT may now be availed of for the use of a leased aircraft within EU airspace. The owner of the aircraft contracts the use of the aircraft to a lessee for a consideration. At the end of the lease period, the lessee may opt to...