News & Views

Qrops Business on the Increase in Malta

10 May 2012

On the 6th of April 2012, Her Majesty's Revenue and Customs (HMRC) implemented measures in a bid to curb abusive use of Qualifying Recognised Overseas Pension Schemes (QROPS). Whilst certain QROPS favoured jurisdictions have scrambled to remedy any shortcomings under the new measures, certain schemes have lost their status as overseas pensions...

Guernsey and Malta sign Double Taxation Agreement

18 April 2012

On 12 March 2012, Malta and Guernsey signed an agreement for the avoidance of double taxation and prevention of fiscal evasion at the Malta High Commission in London. High Commissioner of Malta, Joseph Zammit Tabona highlighted that the agreement was instrumental in strengthening trade relations between Malta and Guernsey. The Chief Minister of...

2012 European Business Aviation Convention & Exhibition

06 April 2012

EMCS International announces that it will be participating in the 2012 European Business Aviation Convention & Exhibition being held in Geneva, Switzerland from the 14th to the 16th May. EBACE is jointly hosted each year by the European Business Aviation Association (EBAA), the leading association for business aviation in Europe, and the...

MFSA Signs Memorandum of Understanding with the QFCRA

14 March 2012

The Malta Financial Services Authority has just announced that it has successfully concluded and signed a Memorandum of Understanding with the Qatar Financial Centre Regulatory Authority. The MoU establishes a framework for assistance, the sharing of supervisory information and cross-border co-operation in matters related to the supervision and...

Malta VAT Rate Third Lowest in EU

22 February 2012

The latest data published in Brussels reveals that Malta has the third lowest VAT rate among the EU's 27 members with only Cyprus and Luxembourg having a lower rate than Malta. Documents released by the European Commission show that, whilst other member states have had to raise their VAT rates due to the ongoing financial crises (some, such as...
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