The Economic and Market Overview report recently published by MFSA explores the current economic performance of Malta and the Euro Area. The report presents various economic and financial services statistical data and trends, an analysis of the economic outlook for both Malta and the Euro Area, as well as an overview of the Banking Union...
Clarification of Taxation of Non-resident...
01 August 2014
A self-managed Collective Investment Scheme (CIS) that is licensed in Malta is obliged to set up an in-house Investment Committee, composed of a minimum of three qualified members, at least one of who must be resident in Malta. While the Investment Committee may delegate day-to-day management of the fund assets to portfolio managers, it is...
One-stop-shop Application Service for...
30 July 2014
The Employment and Training Corporation (ETC) and Identity Malta recently announced the establishment of a one-stop-shop application service for the majority of Third-Country Nationals (TCNs) wishing to reside in Malta for the purpose of work. A single simplified procedure, for TCNs, excluding those who fall within certain categories as listed...
Introduction of New Tax Incentives to Encourage...
29 July 2014
A new bill published recently is aimed at amending the Income Tax Act to introduce new incentives to encourage savings. A provision will be introduced to provide an exemption on interest payable to an individual: From a bank located anywhere in the EU on any sum of money deposited in a specially designated bank account AND From any EU government...
Malta one of EU's Best Performers on Internal...
25 July 2014
On the 17 July 2014, the European Commission issued the 28th edition of the Internal Market Scoreboard and confirmed Malta as one of the European Union's best performers. Once again the jurisdiction recorded only two outstanding transpositions, which puts it in second place amongst Member States. Malta's transposition deficit is therefore...
