Tax & VAT News
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Tax & VAT News
Latest news relating to Tax and VAT in Malta. Click below and contact us if you need any additional information.
The “Tourist” tax
Amendments to the ECO Contribution Act: Eco-contribution is chargeable at the rate of €0.50 per person per night, subject to a maximum of €5 per person per visit.
VAT and the letting of immovable property
Going forward, VAT is not to be charged on the letting of property to persons who have not been in Malta for 12 months but who are in Malta for employment purpose or for the purpose of establishing a business here
The Common Reporting Standard
The Common Reporting standard was introduced in order to combat cross-border tax fraud and tax evasion posed by undeclared and untaxed income.
New Patent Box Regime (Deduction) Rules
The Government of Malta recently published new rules introducing a Patent Box Regime Deduction on Qualifying Intellectual Property (IP).
Register of Beneficial Owners
Over the last years, the EU has been determined in creating a register of Ultimate Beneficial Owners (UBOs).
Notional Interest Deduction Rules
On the 5th of October 2017, a new legal notice was published whereby the Notional Interest Deduction Rules were introduced.
The Voluntary Occupational Pension Scheme Rules
The Voluntary Occupational Pension Scheme Rules have been recently published. These rules relate to contributions paid to a qualifying scheme/s established in the context of an employment relationship for the purposes of providing retirement benefits to qualifying employees.