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Updates
Stay up to date with the latest information.
I Incurred Tax Outside of Malta
April 3, 2023
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Navigating taxation laws can be challenging, especially when income is incurred outside of Malta. The taxability of an individual or company in Malta is determined …
The Tax Treatment of Rental Income
April 3, 2023
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Rental income may be taxed in two ways: Final withholding tax of 15% Taxpayers may opt to pay tax on all rental income at a …
Fiscal Unit Tax Payment Deadline
March 23, 2023
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UPDATE – Borg Galea & Associates would like to inform our clients that the tax payment deadline of 18 months following the end of the …
Apply for the €10-million Malta Enterprise Grant for Start-up Businesses
March 20, 2023
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Are you a small start-up business looking for government support to help establish and grow your enterprise? The Malta Enterprise Corporation has announced a new …
DAC6: Reportable Cross-Border Arrangements
March 8, 2023
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UPDATE – Borg Galea & Associates would like to inform our clients that an update to the DAC6 guidelines has been issued with updates to …
Guidance on the 2022 Annual Average of Euro Exchange Rates and Others
March 6, 2023
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Guidance on the 2022 Annual Average Exchange Rates of the Euro, the Inflation Index for 2022, and the HQP threshold for 2023. UPDATE – Borg …
Clarification Re: Employment Outside Malta – 30-day period
March 6, 2023
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Clarification on the taxation of income relating to employment exercised abroad – calculating the 30-day period of presence in Malta BACKGROUND – Article 56(17) of …
FATCA: Feedback on Reporting for Relief Given by the U.S.
March 6, 2023
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Feedback on the relief for reporting on certain pre-existing accounts that are U.S. reportable accounts. UPDATE – Borg Galea & Associates would like to inform …
Deadline Extended for Annual Notification Form
March 6, 2023
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DAC6: Extension of deadline for Annual Notification Form to be submitted by non-disclosing intermediaries. UPDATE – Borg Galea & Associates would like to inform our …
Update of the Implementing Guidelines on Automatic Exchange of Financial Account Information
March 6, 2023
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UPDATE – Borg Galea & Associates would like to inform our clients that the Commissioner for Revenue informs Reporting Malta Financial Institutions that version 4.3 …