News & Views

New Legislation on Taxation of Foundations

05 July 2010

Malta has recently enacted specific legislation on the fiscal treatment of foundations. In terms of the recent legislative enactments a foundation may either be treated as a company which is both resident and domiciled in Malta and benefit from the full imputation system or the administrators may by notice in writing to the Commissioner...

MFSA issues Shariah Fund Guidance Note

08 April 2010

After years of lobbying by various parties, notably the Malta Institute of Management, and with the backing of the Ministry of Finance, the Malta Financial Services Authority issued a consultation document in 2008. Following an intense consultation process with banks and various other stake-holders, a guidance note on shariah-compliant funds...

Malta and Republic of San Marino Double Tax Treaty

05 April 2010

The Protocol amending the exchange of information provision (Article 25) of the Convention between Malta and the Republic of San Marino with respect to taxes on income has entered into force on 15 February 2010.

Re-organisation of MFSA: to become more efficient and effective

09 March 2010

An important decision has been taken by the Malta Financial Services Authority to re-organise itself in order to enhance regulatory effectiveness. The new re-organisation which entered into force as from January 2010 will lead to better consistency in functions such as licensing and risk-based supervision and improve co-operation and...

Memorandum of Understanding signed with China

09 March 2010

The Malta Financial Services Authority and the China Securities Regulatory Commission have recently signed a Memorandum of Understanding which is an important development for the Maltese financial services sector since it will facilitate business for financial institution doing business between the two countries. Chinese Qualified Domestic...