Obscure to many taxpayers, understanding the crucial deadlines for submitting tax returns in Malta is essential for avoiding penalties and ensuring compliance with the law. The Maltese tax system has strict deadlines that must be adhered to, and failure to meet these deadlines can result in harsh consequences. It is important for individuals and businesses to be aware of these deadlines and plan accordingly to avoid any unpleasant surprises from the tax authorities. Overview of the Maltese Tax System For individuals and businesses operating in Malta, understanding the Maltese tax system is......
Continue Reading
Accounting, Taxation
February 12, 2024
Navigating Auditing Requirements in Malta
When conducting business in Malta, it is imperative to carefully navigate the auditing requirements to ensure compliance and avoid any potential pitfalls. Understanding the intricacies of auditing regulations is crucial...
Accounting, Taxation
February 9, 2024
Tax Incentives for Maltese Property Investment
Avail yourself of the beneficial tax incentives when considering investing in Maltese property. Understanding the advantages and potential pitfalls of these tax breaks is crucial for anyone looking to enter...
Banking, Taxation
February 8, 2024
Cryptocurrency Taxation Rules in Malta
Understanding the complex world of cryptocurrency taxation rules in Malta is crucial for individuals and businesses involved in the crypto space. Malta has become a major player in the crypto...
Accounting, Taxation
February 8, 2024
Malta’s iGaming Taxation Policy
Today, we're diving into the intricacies of Malta's iGaming taxation policy. This small Mediterranean island has become a powerhouse in the online gaming industry, thanks in part to its favorable...
Accounting, Taxation
February 7, 2024
Setting up a Trust in Malta – Tax Advantages
Establishing a trust in Malta can provide significant tax advantages for both settlors and beneficiaries. Malta's trust legislation offers a range of benefits, including asset protection, confidentiality, and flexibility in...
Accounting, Taxation
February 6, 2024
Malta’s Retirement Tax for Foreigners
Perusing the globe for the most advantageous locations to enjoy retirement can be an arduous task. However, for foreigners seeking to avail themselves of Malta's retirement tax schemes, it can...
Accounting, Taxation
February 5, 2024
Impact of Brexit on Maltese Taxation
In the wake of Brexit, Malta has been faced with significant changes in its tax policies and regulations. The complex dynamics of the Brexit deal have had far-reaching consequences on...
Banking, Taxation
February 5, 2024
Tax Implications for Expats in Maltese Banks
Expat individuals residing in Malta are subject to specific tax implications when it comes to their assets held in Maltese banks. It's imperative for expats to understand and comply with...
Accounting, Taxation
February 4, 2024
Tips for Efficient Accounting in Malta
Gaining proficiency in accounting practices is crucial for businesses operating in Malta. With its unique tax laws and regulations, it is essential for companies to have a thorough understanding of...
Accounting, Taxation
February 2, 2024
Accounting Software Solutions for Maltese SMEs
Are you a Maltese small or medium-sized enterprise (SME) struggling to manage your accounting tasks? Managing finances, maintaining accurate records, and ensuring compliance with local regulations can be a daunting...
NEWS Malta, Taxation
December 13, 2023
IRS’s Approach to Malta Pension Plans
The United States Internal Revenue Service (IRS) has recently withdrawn criminal summonses linked to its robust campaign against Malta pension plans, sparking speculation about a potential change in strategy. This...
iGaming News, Taxation
November 30, 2023
BGC’s Alert: UK Gambling Tax Risks
The Betting and Gaming Council (BGC) has voiced its concerns to the UK Chancellor, cautioning against the implementation of a proposed gambling tax simplification measure. The BGC warns that such...
NEWS Malta, Taxation
November 21, 2023
Malta’s Emissions Tax Challenge
As the countdown to January 2024 begins, the Maltese maritime industry finds itself at a crossroads, grappling with the ominous shadow cast by the upcoming European Union (EU) emissions tax...
iGaming News, Taxation
November 7, 2023
Georgia Increases Gambling Industry Taxation
In a recent government meeting, the Prime Minister of Georgia, Irakli Garibashvili, announced significant changes in the taxation and withdrawal fees for the gambling industry. These changes are expected to...
iGaming News, Taxation
October 18, 2023
UK’s 1% Gambling Levy Supported by BGC
In a significant move towards promoting responsible gambling, the Betting and Gaming Council (BGC) has thrown its weight behind the UK government's proposed 1% gambling levy. This levy is designed...
Finance News, Taxation
October 17, 2023
Malta Chamber of Commerce’s Inflation Concerns
In the face of rising inflation, the Malta Chamber of Commerce has called on the government to reconsider its strategy, deeming the current approach potentially disastrous. They argue that the...
Laws, Taxation
October 6, 2023
New Regulations for Romanian Gambling
In a recent government meeting, Romanian Prime Minister Marcel Ciolacu made a bold announcement. He declared that no company would be permitted to operate in the gambling industry unless it...
Finance News, Taxation
September 21, 2023
Malta Could Raise €344 Million with Wealth Tax
A recent study conducted by the Greens/EFA Group in the European Parliament has revealed that Malta has the potential to generate an additional €344 million in revenue by implementing a...
NEWS Malta, Taxation
August 29, 2023
Exploring Malta’s Tax Landscape
The intrigue surrounding the concept of a tax haven has captivated not only financial experts and policymakers but even video game enthusiasts who delve into virtual economies like those found...
NEWS Malta, Taxation
August 24, 2023
€137 Million Expenditure by Malta Film Commission
In a move to shed light on the utilization of taxpayer funds, three members of the Nationalist Party within the Permanent Committee on Public Accounts, along with the spokesperson for...
NEWS Malta, Taxation
August 22, 2023
Nationalist Party Calls for Action on High Cost of Living
In a bid to alleviate the financial strain on Maltese and Gozitan families and businesses grappling with the relentless pressures of a steep cost of living, the Nationalist Party has...
Banking, Finance News, NEWS Malta, Taxation
August 21, 2023
MeDirect Bank: Steady Growth and Impressive Profits
Are you curious about financial institutions that not only survive but thrive in challenging times? Look no further than MeDirect Bank, which recently announced a significant profit after tax of...
Banking, Business News, Finance News, Taxation
August 21, 2023
Changing Banking Landscape
The lasting impact of the 2007-2008 Global Financial Crisis (GFC) still reverberates in our memories. It was a period marked by the precarious state of banks, with many of the...
iGaming News, NEWS Malta, Taxation
August 17, 2023
Gaming Consultant Iosif Galea Extradited from Germany
In a recent development, gaming consultant Iosif Galea has been extradited from Germany and charged in Malta with financial crimes. The 42-year-old Galea from Siggiewi appeared before Magistrate Noel Bartolo...
Business News, NEWS Malta, Taxation
August 14, 2023
EY Concludes First Edition of Introductory VAT Course
The inaugural edition of EY's Introductory VAT Course has reached its successful completion, awarding certificates to 16 students. Commencing this year in October, the course provides a comprehensive understanding of...
iGaming News, Laws, NEWS Malta, Taxation
August 9, 2023
Flexing Regulatory Muscles: Malta Gaming Authority’s Recent Moves
The Malta Gaming Authority (MGA) has recently demonstrated its regulatory prowess – or so industry insiders suggest. These actions, as they say, might be more than just a show of...