Malta and Liechtenstein have recently finalised six months of negotiating a double taxation agreement.
“Trust Litigation and Disclosure mechanisms in Trust Deeds” was the subject of a CPD event organised by STEP Malta, the Malta branch of the Society of Trust and Estate Practitioners.
Malta will be launching a new citizenship by investment programme. The new individual investor programme will be a good opportunity for investors to contribute to the local Maltese economy whilst at the same time benefiting from a European citizenship.
Malta’s tax system and practices are in conformity with international standards of transparency and exchange of tax information.Malta’s legal framework ensures that the competent authority has direct access to information concerning ownership, accounting and banking as required by the OECD.
Global Residence Programme for non-EU in force
VistaJet, the world's leading Global aviation company, celebrated the official inauguration of its new operations in Malta.
The double tax treaty between Turkey and Malta is now in force.
The Government of Malta has announced that a new permanent residence scheme shall be launched by end of May. It is expected that the new permanent residence scheme retains elements of the former Malta Permanent Residency Scheme, a scheme that was available to both EU and non-EU nationals seeking to transfer their tax residence to Malta and benefit from its high quality and tax-efficient regime.
On Wednesday 24th April 2013, Malta and Russia have signed a double taxation avoidance agreement. The agreement was signed at the Russian Finance Ministry Maltese ambassador Raymond Sarsero, and the Deputy Minister of Finance, Sergey Dmitrievich Shatalov. The treaty signed a few days who with Russia is expected to be ratified shortly. The signing of this double taxation treaty maintains the drive of successive Maltese administrations to conclude tax treaties with important trading partners as well as with emerging nations.
Through Legal Notice 106 of 2013, as from 1st January 2012 employees working in development of innovative and creative digital products can benefit from a new incentive whereby they may choose to have their employment income in respect of work exercised in Malta to be chargeable at a flat rate of 15% tax in lieu of progressive rates of tax which can be as high as 35%.