COVID-19: Adopting Remote Working Measures
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COVID-19: Adopting Remote Working Measures

Introduction COVID-19 (the coro­n­avirus) con­tin­ues to impact the glob­al and local com­mu­ni­ty, all the staff of Dr Wern­er and Part­ner have been mon­i­tor­ing the sit­u­a­tion of the COVID-19 and imple­ment­ing dif­fer­ent mea­sures to make sure that we are all stay­ing safe. As a Com­pa­ny, the main goal is to pro­tect your own peo­ple and to...

Liquidity crisis in times of COVID-19 (Coronavirus) — How to avoid financial constraints
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Liquidity crisis in times of COVID-19 (Coronavirus) — How to avoid financial constraints

How to get more liq­uid­i­ty in times of Coro­n­avirus. Tips from experts. Con­fi­dence in the finan­cial mar­kets has weak­ened since the finan­cial cri­sis of 2008. Many com­pa­nies are cur­rent­ly ask­ing them­selves how to pro­ceed. Small and medi­um-sized com­pa­nies, in par­tic­u­lar, are fac­ing an unprece­dent­ed chal­lenge. Covid 19 — the virus that is turn­ing our entire...

The Extraordinary General Meeting
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The Extraordinary General Meeting

Every com­pa­ny duly reg­is­tered under the Com­pa­nies Act shall con­vene an Annu­al Gen­er­al Meet­ing (AGM) once per year. We have already dealt with the require­ment of call­ing an AGM and the for­mal­i­ties that are required for the call­ing and hold­ing of such meet­ing, how­ev­er, what does a com­pa­ny do if it holds its AGM and...

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Taxes in Malta — Incentives for companies, individuals and yacht owners

Mal­ta is not only a hotspot for tourists enjoy­ing the sun and the pris­tine waters of the Mediter­ranean, it is also becom­ing a pop­u­lar loca­tion for com­pa­nies to set­tle their busi­ness there, and for peo­ple mov­ing to Mal­ta to save income tax. The gov­ern­ment offers sev­er­al fis­cal incen­tives for busi­ness­es and indi­vid­u­als alike. Cor­po­rate tax...

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Malta film industry expected to generate over €80 million

The Min­is­ter for tourism in Mal­ta, Edward Zam­mit Lewis, said at the first meet­ing of the “Gvern li Jis­ma” (trans­lat­ed from Mal­tese to: a gov­ern­ment that lis­tens) that the film indus­try in Mal­ta is like­ly to gen­er­ate over €80 mil­lion for the Mal­tese econ­o­my this year. He also men­tioned the fig­ures from 2013, which stood...

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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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Filming Malta: Belgian movie to be shot in Gozo and Malta

As I have already talked about in pre­vi­ous posts, the Mal­tese islands are becom­ing more and more pop­u­lar with the film­ing indus­try. This is no coin­ci­dence. The gov­ern­ment of Mal­ta is heav­i­ly pro­mot­ing the film indus­try and film pro­duc­tion com­pa­nies can take advan­tage of sev­er­al incen­tives when they choose Mal­ta as a film­ing loca­tion. Now...

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Malta appears on covers of film magazines — Filming in Malta

The Mal­ta Film Com­mis­sion has been pro­mot­ing Mal­ta as a film­ing loca­tion more heav­i­ly in the last years and the strat­e­gy is pay­ing off. Last year, the film indus­try grew by 650% and gen­er­at­ed mil­lions for the Mal­tese econ­o­my. The Mal­tese gov­ern­ment is giv­ing com­pa­nies attrac­tive incen­tives if they choose Mal­ta as a film­ing loca­tion....

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Working in Malta — How much income tax do I have to pay?

When think­ing about relo­cat­ing to anoth­er coun­try and tak­ing up a job there, one ques­tion that peo­ple will usu­al­ly ask is how much the income tax and oth­er deduc­tions from the salary are, and how much the cost of liv­ing is. Mal­ta offers an inter­est­ing tax­a­tion on income tax, and espe­cial­ly high earn­ers can ben­e­fit...