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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...

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EU plans new rules to stop tax evasion by multinationals

A recent scan­dal involv­ing HSBC plc has sparked a new dis­cus­sion in the EU Com­mis­sion. The HSBC head­quar­ters in Switzer­land are being inves­ti­gat­ed for mon­ey laun­der­ing and alleged tax eva­sion schemes. What kicked off the inves­ti­ga­tion was a recent­ly pub­lished rev­e­la­tion about the bank claim­ing it turned a blind eye to ille­gal activ­i­ties from blood...

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A strategic location for your Limited company in Europe

When oper­at­ing a com­pa­ny it is becom­ing more and more impor­tant to con­sid­er the avail­able options to save tax­es. The coun­tries in Europe are able to set their own cor­po­ra­tion tax rates and man­age their own tax laws. This makes it par­tic­u­lar­ly inter­est­ing for some com­pa­nies in Europe, as free­dom of move­ment and being able...

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Money laundering prevention training at Dr. Werner & Partner

At the office of Dr. Wern­er & Part­ner we make an effort to offer our clients trans­par­ent and legal­ly sound solu­tions, for exam­ple for com­pa­ny for­ma­tions in Mal­ta. In order to stay updat­ed with laws and reg­u­la­tions, we reg­u­lar­ly hold train­ing ses­sions; just like yes­ter­day when we attend­ed a train­ing ses­sion about pre­ven­tion of mon­ey...

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Monorail project in Malta proposed to European Commission

Mal­ta is one of the small­est coun­tries in the Euro­pean Union, but at the same time also the most dense­ly pop­u­lat­ed. There are almost 420,000 peo­ple liv­ing on just 316 km². Fur­ther­more, there are over 330,000 cars reg­is­tered on the islands as well, which unfor­tu­nate­ly has led to a high con­ges­tion on the main roads...