Election for Spouses to Submit a Separate Tax Return

UPDATE – In the case of a married couple who are living together, any of the spouses may elect to submit a separate tax return if both spouses earn qualifying income or where the couple has a separation of assets agreement in place. The application for such an election is done online through the e-ID. […]

The Tax Treatment of Income From Part-Time Work

Who can qualify – Those in full-time employment, pensioners and students, and are registered with Jobsplus as part-time employed or self-employed, and in the case of the latter keeps appropriate records and are registered for VAT purposes, if required. Tax rate – From the basis year 01 January 2022, the tax rate for both part-time […]

Basic Must Know Maltese VAT

Value-Added Tax (VAT) is a transaction-based tax, having nothing to do with how much income one earns in a particular year like income tax. This article is going to focus on discussing the basic must-knows on this topic.  For those who are not familiar with the term VAT, the concepts are very much the same […]

Participation Exemption Report

Companies incorporated in Malta are treated as domiciled and residents in Malta and are subject to tax on their worldwide income and capital gains. Therefore any dividends received by a Maltese company from, a foreign subsidiary, or capital gains derived from the sale of shares held in such a foreign subsidiary, would be taxable in […]

Taxation of Shipping Enterprises in Malta

When determining under which flag administration a vessel is to be registered, fiscal considerations will surely be of crucial importance. European Union Member States took various measures in order to sustain the competitiveness of EU flag states One of the measures taken by the Member states was to replace the traditional method of taxing the […]

Minimising Your Tax Burden Through the Full Imputation and Tax Refund Systems in Malta

An Overview of Malta Situated as it is, in the middle of the Mediterranean, Malta is not only a popular tourist destination but also offers various investment opportunities. The island is an economic and logistical hub with a strategic location having close ties to Europe, Northern Africa, and the Middle East. It has a flexible […]

What are the benefits of consolidations?

Congratulations if you have arrived at the stage where you are considering whether you need to consolidate your financial records. This is an important milestone typically associated with large and successful enterprises. It means that your hard work has paid off in terms of turning your business into a  robust company with admirable revenue generation […]

Rental Income and Investment Property

Owning property with the intention to generate passive income has been considered by many as one of the safest types of investments time after time. Properties in Malta and in many other developed countries around the world continue to register yearly increases in their market value, which makes investment property even more appealing. After all, […]