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COVID-19

The COVID-19 pandemic continues to spread in various countries around the globe and Malta is no exception.   The hit on the economy is expected to be significant given that one of the main drivers of the Maltese economy, tourism, is…

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Malta signs a tax treaty with Armenia

Malta signed a tax treaty with Armenia and provides for the following withholding tax rates in the case of payors resident in Armenia: Dividends – 10% reduced to 5% if the investment in the Armenian entity exceeds 10% Interest and...
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Malta signs a tax treaty with Ghana

Malta signed a tax treaty with Ghana and provides for the following withholding tax rates in the case of payors resident in Ghana:   Dividends – 6% Interest – 7% Royalties – 8% Services fees – 12%   Malta does...
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Reduction in interest rate

By virtue of two separate legal notices, the interest on late payments of income tax and VAT has been reduced from 0.54% to 0.33% per month.  The change is effective from 1 January 2020.
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WORLD TAX 2020 Edition

Avanzia Taxand is pleased to announce that The World Tax 2020 edition ranked the firm as Tier 1 in Private Client and Tier 2 in General Corporate Tax. The details of these rankings may be accessed through the following link:...
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Budget Newsletter 2020

On 14 October 2019, the Honourable Minister for Finance, Professor Edward Scicluna, presented the Budget for the coming year. In his introduction, he summarised the most salient features in relation to the performance of the Maltese economy with the main...
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The Patent Box Regime

As from year of assessment 2020, any person incurring qualifying IP expenditure and from which qualifying IP income is derived, may claim a deduction which may reduce the chargeable income from qualifying IP by 95%.  The assets that are considered...
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Malta signs a tax treaty with Kosovo

The tax treaty between Malta and the Republic of Kosovo has been published in Legal Notice 168 of 2019. As most other tax treaties, this tax treaty is also modelled on the OECD model convention.  No withholding taxes apply on…

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Tax Consolidation in Malta

Following the publication of the Consolidated Group (Income Tax) Rules by means of Legal Notice 110 of 2019, Malta introduced fiscal unity rules providing for a consolidated tax group.  As a result, certain groups of companies may, from the year...
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Malta signs a tax treaty with Monaco

Malta published the tax treaty with the Principality of Monaco by means of Legal notice 70 of 2019. The tax treaty is modelled on the OECD model convention, but there are no withholding taxes on dividends, interest and royalties given...
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