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Common Reporting Standard will come into effect in January 2016

The Com­mon Report­ing Stan­dard (CRS) is a mul­ti­lat­er­al agree­ment that was signed by 50 juris­dic­tions in Octo­ber last year in Berlin. The main aim of the agree­ment is the auto­mat­ic exchange of finan­cial infor­ma­tion to pre­vent tax eva­sion and fraud. The sign­ing juris­dic­tions will adopt the CRS from 1 Jan­u­ary 2016. The new reg­u­la­tions require...

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Tax optimisation with the Malta Limited company model

When you have an estab­lished com­pa­ny or you are a new entre­pre­neur, you prob­a­bly want to make the most out of your com­pa­ny and opti­mise the tax­es to ensure you have the best pos­si­ble com­pa­ny mod­el with­out evad­ing tax­es. Clients some­times ask us if it is tax eva­sion to make use of the Mal­ta com­pa­ny...

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Tax advantages and incentives of Malta

When Mal­ta joined the Euro­pean Union in 2004, the coun­try intro­duced an inter­est­ing tax­a­tion struc­ture aimed at for­eign com­pa­nies to move their busi­ness to Mal­ta and invest in the coun­try. The plan has suc­ceed­ed, and since then many com­pa­nies have estab­lished their busi­ness on the islands. Every com­pa­ny that is reg­is­tered in Mal­ta will have...

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New TV show Apocalypse Slough partially shot in Malta

A new dra­ma series from Sky1 is cur­rent­ly being shot in Mal­ta. Apoc­a­lypse Slough is an end-of-days dra­ma telling the sto­ries of events and peo­ple after a comet has hit earth. The show is expect­ed to be aired lat­er this year. The show fea­tures Hol­ly­wood star Rob Lowe, who is cur­rent­ly on film­ing loca­tion in...

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Labour costs rose by €2.70 since Malta joined EU

Since Mal­ta joined the Euro­pean Union in 2004, the aver­age hourly labour costs have gone up by €2.70. At the time they joined Mal­ta was on 11th place with aver­age labour costs of €9.60, and Bul­gar­ia had the low­est aver­age of just €1.60. After Mal­ta joined the euro­zone in 2008, labour costs went from €11.40...

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UK introduces ‘Google Tax’ to combat tax evasion

As of April 2015, the UK intro­duced a new bud­getary mea­sure tar­get­ing com­pa­nies that have oper­a­tions in the UK, but divert­ing the prof­its off­shore. The new law stip­u­lates that these com­pa­nies will have to pay a Divert­ed Prof­its Tax (DPT) of 25%. It is expect­ed that the tax will con­tribute anoth­er £25 mil­lion to the...

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Low tax countries in Europe — Why Malta is a good choice

Sev­er­al coun­tries in Europe offer a rel­a­tive­ly low cor­po­rate tax when for­eign com­pa­nies decide to set­tle on the islands. Low tax coun­tries are usu­al­ly coun­tries that charge an effec­tive cor­po­rate tax of low­er than 25%. The low­er tax rate is not the same in every coun­try, and there are oth­er fac­tors that should influ­ence the...

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Avoiding misunderstandings when establishing a Malta ltd company

Many entre­pre­neurs who want to estab­lish a com­pa­ny abroad are often not well enough informed about the legal and fis­cal aspects that can cause prob­lems when they are dis­re­gard­ed. If you are think­ing about relo­cat­ing your com­pa­ny to anoth­er coun­try you should plan the incor­po­ra­tion thor­ough­ly with the help of legal coun­sel by your side....

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Film industry in Malta contributing 28 million euros to economy

Last year was a tru­ly amaz­ing year for the film indus­try in Mal­ta. In the sec­ond half of 2014 the indus­try gen­er­at­ed around 28 mil­lion euros for the Mal­tese econ­o­my. This 650% increase, com­pared to the same peri­od of last year, was the result of 9 major film pro­duc­tions. There is cur­rent­ly a process under­way...

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Is the Malta Limited company similar to the UK Limited company?

Com­pa­nies are get­ting more and more inter­est­ed in opti­mis­ing their com­pa­ny struc­tures in order to save tax­es. Since the recent devel­op­ments in Lux­em­bourg, Ire­land, the Nether­lands and Bel­gium, who are being inves­ti­gat­ed for tax eva­sion of large com­pa­nies, legal­ly sound solu­tions have become an impor­tant part of the estab­lish­ment of a com­pa­ny in anoth­er coun­try....