News & Views

Malta signs new DTA’s with Turkey and Israel

25 August 2011

During July, Malta's Foreign Minister Dr.Tonio Borg signed another two significant double taxation agreements with his counterparts in Turkey and Israel. The agreements for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income will further encourage the flow of investments between the parties...

MFSA’s Strategic Plan 2011-2014

01 July 2011

The Malta Financial Services Authority recently published its Strategic Plan for the period 2011-2014. The plan includes a review of the implementation of the first Strategic Plan 2007 – 2009, reviews the increasingly crucial role thatfinancial services play in the Maltese economy and its performance on the world stage. The World Economic...

Developments on Permanent Residency Scheme

16 June 2011

Finance Minister Tonio Fenech recently announced that a number of new schemes, aimed at different nationalities and specific sectors, would replace the Permanent Residents Scheme (PRS) which had been suspended for a time. A consultation process is currently in process regarding: An indefinite High Net Worth Individual Scheme - targeting EU,...

Strong showing for Malta in WEF Index

30 November 2010

This year's edition of the World Economic Forum's Competitiveness Indexis based on an assessment of 139 countries. According to the report, the Maltese economy has moved into 50th place worldwide, up from 52nd last year. Key performance indicators for the financial services sector also confirm the sector's standing as a leading innovator in the...

Malta and Isle of Man Double Taxation Treaty

12 November 2010

The double taxation agreement between Malta and the Isle of Man, signed on the 23rd October 2009, was recently ratified. This legislation aims to remove double taxation obstacles whilst preventing fiscal evasion with respect to taxes on income. As a result of this treaty, only the residence state of the recipient is allowed to impose...