The main thrust of the Fourth Anti-Money Laundering Directive (Directive (EU) 2015/849), which came into force on the 26th June, 2015 was to enhance the transparency within entities and structures. In…

The United Nations Pensions Programme Rules, 2015 (UNPP) contemplate the granting of “special tax status” to UN Pensioners. The UNPP provides for the granting of a special tax status to individuals…

Following the success introduction of the ‘Highly Qualified Persons’ scheme, with effect from the 1st of January 2013, Malta introduced another scheme intended for expatriates working in Malta named the Qualifying…

Companies, registered or resident in Malta, are subject to income tax on chargeable income at a standard rate of 35% – known as Advanced Company Income Tax (ACIT). However, in…

On the 24th of December 2013, the Government of Malta issued a new citizenship by investment programme, defined in the Maltese Citizenship Act as the “Individual Investor Programme”. The Programme was…

By virtue of Legal Notice L.N. 270 of 2014 ‘The Residence Programme Rules 2014’ have been enacted. These are effective retrospectively from the 1st of July 2013. This Programme is…

On the 6th of November 2012, the legal notice laying down the Designated Financial Instruments Regulations for the purposes of the Financial Markets Act came into force. The Regulations establish the…

Last month the Malta VAT Department issued the guidelines on the VAT treatment of aircraft leasing arrangements. Such guidelines determine that aircraft leasing occurs when the lessor (owner of the…