In the Budget speech for 2019, Finance Minister Prof. Edward Scicluna announced various fiscal, social and environmentally friendly incentives, including the implementation of Anti-Avoidance Tax measures and emphasis on advancements in its technology strategies. Even though the Government has extended and issued new incentives to alleviate poverty and social injustice, the prime fiscal objective remains […]
In the Budget speech for 2018, Finance Minister Prof. Edward Scicluna announced various fiscal measures and social and environmentally friendly incentives. These include an extension of the MicroInvest Tax Credit (both in terms of the quantum of the credit awarded and the eligibility of such scheme), tax credits for students following certain post-graduate courses, fiscal benefits […]
Finance Minister Prof. Edward Scicluna announced various measures in the Budget Speech for 2017. These include fiscal amendments targeted to enhance investment in shares listed in the Malta Stock Exchange (“MSE“), reduction in stamp duty on transfers of businesses from parents to their children, and other incentives aimed to encourage restoration of properties in an […]
The tax returns for the following income derived during the basis year 2015 are to be filed by not later than 30 June 2016 with the Inland Revenue Department: the personal tax returns; the separate tax return for part-time income to be taxed at the flat rate of 15%; The tax return to be filed […]
Malta Enterprise is currently receiving applications from undertakings (including self-employed individuals) qualifying for the Micro Invest Tax Credit, by virtue of which (subject to certain conditions) any micro enterprises and self-employed persons may benefit from a tax credit equivalent to 45% of eligible expenditure. An additional bonus of 20% (total 65% tax credit) applies to […]
In the Budget speech for 2016, Finance Minister Prof. Edward Scicluna announced various fiscal measures and other social and environmentally friendly incentives. These include a reduction in personal tax across all the different tax rates, a plan to extend the final tax at the flat rate 15% to also cover income derived from the rental […]
Legal Notice 277 of 2015 (published on 17 July 2015) has amended the Fifth Schedule of the VAT Act. By virtue of such amendments any road assistance services provided in the event of any breakdown or accident to persons who pay a fixed subscription fee for such purpose shall also be considered as an exempt […]
DFK Malta participated at the DFK International Conference in Stockholm, Sweden, held between 14 and 17 July 2015. The Conference offered excellent opportunities for DFK member firms around the globe to network and update each other on tax issues and other relevant technical subjects. Our firm also attended the International Tax Seminar which was held […]
Reminder: the tax returns for the following income are to be filed by not later than 30 June 2015: The tax return to be filed by any persons opting to declare any income derived from the rental of residential properties and pay tax thereon at the flat rate of 15% (the TA24 form); The TA24A […]