GVZH Advocates > Valletta, Malta > Firm Profile

GVZH Advocates
192, OLD BAKERY STREET
VALLETTA VLT, 1455
Malta

Malta > Commercial, corporate and M&A Tier 2

GVZH Advocates is active in abroad range of sectors spanning technology, pharmaceuticals, online gaming and financial services. The group frequently assists clients with acquisitions in Malta, including the acquisition of listed companies and the de-listing of companies. The practice is jointly headed by Andrew Zammit, whose expertise spans asset financing transactions, licensing of financial services businesses and corporate finance, Kurt Hyzler, who is experienced in investment funds, financial services regulation and banking transactions, and capital markets expert Luca Vella.

Practice head(s):

Andrew Zammit; Kurt Hyzler; Luca Vella

Testimonials

‘GVZH has acted as our corresponding law firm in Malta in connection with a successful M&A transaction. We have appreciated the devotion of the team to the success of the deal and their good and efficient corporate advice.’

‘The team has demonstrated a very good knowledge of the sector involved in this M&A transaction as well as an excellent ability to work closely with us.’

Key clients

Azure Services Limited

IHI Plc

Corinthia Group of Companies

Equinox Ventures Limited

Residentials Limited

Smart City

Hudson Holdings Limited

International Hotel Investments plc

AIG Europe SA

Lawson Lundell LLP

Zenabis Global

Epic Communications (formerly Vodafone Malta)

Novalpina Capital Partners

Graystone Holdings Limited

Zedra Malta Limited

Privajet Limited

Mastercard International Inc

Work highlights

  • Advised Azure Services Limited on the implementation of collective redundancies following decision to liquidate company.
  • Advised IHI Plc on the internal restructuring which inter alia included the transferring of shares and merging companies in order to streamline the catering section of the Corinthia Group of Companies.
  • Assisted Equinox Ventures Limited with real estate matters in connection with a multi-use development.

Malta > Intellectual property Tier 2

GVZH Advocatesoffers a wealth of experience and expertise‘ spanning contentious and advisory work across the key areas of trade marks, copyright issues and patents. In addition to trade mark filings and patent applications, infringement actions and anti-counterfeiting cases, the group also has a significant practice assisting leading multinational firms – as their local brand representatives –  with intellectual property protection matters. Team lead Michael Grech and senior associate Jackie Mallia are the core contacts.

Practice head(s):

Michael Grech

Other key lawyers:

Testimonials

‘A very good, professional team.’

‘The practice offers a wealth of experience and expertise in the IP field. Their advice is offered in a highly professional yet friendly and informal manner where this is welcomed and appropriate. The team is highly responsive and well attuned to our needs.’

‘To date, I’ve had the opportunity to interact directly with Michael Grech and Jackie Mallia in relation to IP related issues and disputes. Both have been an absolute pleasure to work with, approachable, highly responsive, and attentive to detail.’

‘Prioritise work without pressure on payment.’

‘Very good customer service.’

‘The team knew the film commissioner and the office’s practices very well and were able to help get signatures and responses in a timely fashion.’

‘Michael Grech gave quick, practical advice and he followed up to ensure we finalised our documents.’

Key clients

Amblin

H.D. Lee Company

Malta Gaming Authority

The Prudential Company

Run It Once Limited

Skydance Media

Witty Technologies

Escada

Shell

Netflix

Work highlights

  • Advising Netflix on all local issues relating to its intellectual property portfolio.  
  • Advising Shell on all local issues relating to its intellectual property portfolio.
  • Successfully argued against an opposition which was filed by a third party, and which was rejected by the EUIPO, on behalf of Witty Technologies.

Malta > Real estate Tier 2

Malta > Aviation Tier 3

Under the leadership of Michael Grech, the aviation group at GVZH Advocates assists clients with a wide range of issues, including aircraft registration, private leasing structures, imports, aircraft financing, and sales and acquisitions. The group is also sought after to act on air operator certificate applications on behalf of commercial aviation and charter companies.

Practice head(s):

Michael Grech

Malta > Banking, finance and capital markets Tier 3

GVZH Advocates is particularly active in the capital markets space, where it frequently acts for investment vehicles and corporates on listings on regulated markets, corporate governance matters and the drafting of prospectus. Andrew Zammit is typically sought after to advise on M&A deals, asset financing and corporate financing transactions, while Kurt Hyzler specialises in investment funds, financial services regulations and banking and financing transactions. Luca Vella is a key contact for the listing of debt securities in the Official List of the Malta Stock Exchange.

Practice head(s):

Andrew Zammit; Kurt Hyzler; Luca Vella

Other key lawyers:

Jeanelle Cachia

Testimonials

‘The team led by Kurt Hyzler work as a single unit. They are always on top of issues, seamlessly delivering what is needed.’

‘Kurt Hyzler and Jeanelle Cachia are proactive, on top of matters, and able to respond quickly and move things forward. They provide practical solutions when faced with challenges.’ 

‘Solid knowledge of the local legal environment and the needed business acumen.’

‘Luca Vella is our ‘go-to’ lawyer for the Banking, Finance and Capital Markets practice.’

‘Jeanelle Cachia was very communicative, proactive and collaborative on the matter. She was very helpful in mitigating potential issues and working tirelessly to enable the transaction to close as smoothly as possible. Jeanelle provided sufficient engagement that no partner involvement was required.’

Key clients

Mediterranean Investments Holding plc

Smartcare Finance plc

Praxis Group Limited

Work highlights

  • Advised Mediterranean Investments Holding Plc on all the regulatory and corporate aspects of the issuance of €20m 5.5% unsecured bonds 2023 on the Official List of the Malta Stock Exchange.
  • Assisted Smartcare Finance Plc with the issue of €1.3m 4.65% secured bonds 2031 on the Official List of the Malta Stock Exchange.
  • Advised Praxis Group Limited on a financing transaction where a Maltese subsidiary of Praxis Group Limited acted as guarantor.

Malta > Dispute resolution Tier 3

At GVZH Advocates, the ‘calm, well-organised and balanced‘ team focuses on commercial disputes with an international dimension, particularly in the energy, financial services, manufacturing, construction and aviation industries. ‘Modern and innovative solutions to problems‘ can be seen in the groups’ representation of clients in the Maltese Courts and the Malta Arbitration Centre, as well as in reaching amicable out-of-court settlements. Karl Briffa and Joseph Vella are the key contacts.

Practice head(s):

Karl Briffa; Joseph Vella

Testimonials

‘Calm, well-organised and balanced, whilst still maintaining a healthy scepticism of the opposition, and maintaining a real world view of the economic implications of the case.’

‘Karl Briffa has been outstanding, in particular his keen perception of a complex technical brief, and his subsequent legal analysis.’

‘I believe that GVZH Advocates has a stable team of top lawyers who have many years of experience in dispute resolution. The firm specialises in creating long-term client relationships that help to achieve high levels of customer satisfaction.’

‘During our co-operation, I especially appreciated the modern and innovative solutions to problems, the long experience of the team members and the clarity of communication.’

‘Very professional and to the point and client-friendly.’

‘Karl Briffa – quick and rational, good strategic view.’

Key clients

Cardiff Aviation Malta Limited

TaxMal Limited

OPAP SA / Tomas Borcin

Work highlights

  • Representing Cardiff Aviation Malta in judicial proceedings instituted by Aerotron in connection with a dispute concerning the leasing of aircraft.
  • Representing TaxMal in a dispute following the unlawful termination of a franchise agreement with Bolt Technology.
  • Assisted OPAP with remedial action following a breach of a promise of sale agreement relating to shares in a Maltese target company.

Malta > Fintech Tier 3

The ‘versatile and business savvy‘ team at GVZH Advocates advises across the whole spectrum of financial services regulation and e-commerce issues. The key contacts at partner level are Andrew Zammit, who is valued for his ‘excellent relationships with local regulators‘; banking and finance expert Kurt Hyzler; and Luca Vella, who brings extensive corporate knowledge to the group.

Practice head(s):

Andrew Zammit; Kurt Hyzler; Luca Vella

Other key lawyers:

Nicola Fenech Conti

Testimonials

‘They really know their stuff and have great local connections. They have become our go-to firm on fintech, assisting us with cross-border matters for numerous clients.’

‘Andrew Zammit is extremely knowledgeable and demonstrated excellent relationships with local regulators which was priceless. He is attentive and gives clear answers to sometimes complex queries.’

‘Nicola Fenech Conti was a powerhouse; really knows her stuff and what the regulator expects and requires; provides practical, timely advice; and ran the project excellently. Definitely one to watch.’

‘This practice is unique due to its specialist local law knowledge in Malta. The team’s strength lies in their ability to review new fintech products from all relevant areas of the law including regulatory and privacy.’

‘Very versatile and business savvy group of individuals.’

‘Andrew Zammit is always pro-solution provision rather than problem or roadblock statements.’

Key clients

Nobel Financial Limited

MasterCard

eToro / Sandro Bianco

MoneybaseLimited (Part of theCalamattaCuschieriGroup)

Malta > Shipping Tier 4

Led by Michael Grech , GVZH Advocates specialises in the purchase and sale of luxury superyachts as well as vessel financing, disputes, and the arrests and enforcement of claims against Malta-registered vessels. Associate Katrina Abela is also recommended.

Practice head(s):

Other key lawyers:

Key clients

Sardaleasing S.p.A.

Credemleasing S.p.A.

Wind Service – Simone’ Saccon

Work highlights

  • Advised Sardaleasing S.p.A. on its registrations of yachts under the Maltese flag and their resident agent in respect of all their locally registered vessels.
  • Assisted Credemleasing S.p.A. with the registrations of yachts under the Maltese flag and its resident agent in respect of all its locally registered vessels.
  • Acted for Wind Service – Simone’ Saccon, yacht navigational company, on yachting matters in Malta.

The firm: GVZH Advocates is a modern and sophisticated legal practice comprised of top-tier professionals, firmly rooted in decades of experience in the Maltese legal landscape. Built on the values of acumen, integrity and clarity, we are dedicated to providing the highest levels of customer satisfaction, making sure that legal solutions are not only soundly rooted and rigorously tested, but also meticulously implemented. The firm understands that today’s business environment requires legal advisors that have both skills and expertise geared towards effectively addressing specific and technical issues in the context of complex projects, transactions and disputes. It is through the contribution of these skills and expertise in an accurate and timely manner, that GVZH Advocates, as a forward-looking firm, looks to cement long-term and meaningful relationships with clients and partners. The firm is regularly involved in cross-border transactions, tapping into a wide network of international consultants, all experts in their respective field, ensuring seamless, timely and quality advice.

GVZH Advocates now consists of 24 lawyers, covering the following practice areas: aviation; banking and finance; citizenship and residence; competition/antitrust regulations; corporate and M&A; culture and entertainment; data protection; employment and industrial relations law; financial service regulations; hospitality; i-gaming; insolvency; intellectual property; litigation and arbitration; prevention of money laundering; projects and public procurement; real estate; shipping; tax; technology, media and telecommunications; trusts, foundations and voluntary organisations and yachting.

Areas of practice
Aviation, shipping and yachting: the firm provides solutions for aircraft, yacht and super-yacht owners, financiers and managers while representing some of the industry’s leading players.

Banking and finance: advising lenders, issuers and borrowers on leveraged and acquisition finance, corporate finance, structured finance, asset finance and leasing, aircraft finance, security trusts, capital markets, project finance, real estate finance, investment funds, asset management operations and securitisation vehicles.

Citizenship and residence: the firm provides a comprehensive advisory and administrative service in respect of residence permits, work permits and visa formalities.

Corporate and M&A: GVZH acts as lead counsel in various M&A transactions in various sectors including pharmaceuticals, financial services, telecommunications, remote gaming and payment institutions.

Employment/industrial relations: GVZH Advocates provides an array of employment-related solutions (contracts of service, dismissals, redundancies, transfers of employees between undertakings, equal treatment in the workplace and the implementation of appropriate systems and procedures for clients’ HR).

Intellectual property: the firm advises on developing legal strategies to maximise and protect the commercial potential of brands, ideas and technological advances.

Litigation and arbitration: legal services rendered to the company in connection with high-profile litigation concerning corporate governance measures, minority rights issues and related matters.

Real estate: advising on the sale and purchase of commercial and residential property, financing, real estate funds, property development, leasing and portfolio management.

Tax: GVZH Advocates has particular strength advising on novel and complex issues in the corporate finance, personal finance, structured finance, financial services and real estate sectors.

Technology, media and telecommunications: GVZH advises on all aspects in the areas of TM: intellectual property, data protection and freedom of information, licensing and regulations of various e-commerce models including remote gaming operators.

DepartmentNameEmailTelephone
Banking and finance Dr Luca Vellaluca.vella@gvzh.mt00356 2122 8888
Citizenship and residence Dr Karl Briffakarl.briffa@gvzh.mt00356 2122 8888
Competition/antitrust regulations Dr Gayle Kimberleygayle.kimberley@gvzh.mt00356 2122 8888
Corporate and M&A Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Culture and entertainment Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Data protection Jackie Malliajackie.mallia@gvzh.mt00356 2122 8888
Employment and industrial relations Dr Karl Briffakarl.briffa@gvzh.mt00356 2122 8888
Financial service regulations Dr Kurt Hyzlerkurt.hyzler@gvzh.mt00356 2122 8888
Hospitality Dr Joseph J Vellagege.vella@gvzh.mt00356 2122 8888
iGaming Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Insolvency Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Intellectual property Dr Michael Grechmichael.grech@gvzh.mt00356 2122 8888
Litigation and arbitration Dr Karl Briffakarl.briffa@gvzh.mt00356 2122 8888
Prevention of money laundering Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Projects and public procurement Dr Joseph J Vellagege.vella@gvzh.mt00356 2122 8888
Real estate Dr Karl Briffakarl.briffa@gvzh.mt00356 2122 8888
Shipping Dr Michael Grechmichael.grech@gvzh.mt00356 2122 8888
Tax Josef Cardonajosef.cardona@gvzh.mt00356 2122 8888
Technology media and communications (TMT) Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Trusts, foundations and voluntary organisations Dr Andrew Zammitandrew.zammit@gvzh.mt00356 2122 8888
Yachting Dr Michael Grechmichael.grech@gvzh.mt00356 2122 8888
Number of lawyers : 28
English
French
Italian
Maltese
Employment Law Alliance (ELA)
LNI International
International Bar Association (IBA)
International Trade Mark Association (INTA)
International Masters of Gaming Law (IMGL)

Strength in Diversity

At GVZH, diversity is an integral part of our culture and identity. Whether related to gender, ethnicity, citizenship age, sexual orientation, or any other aspect which makes individuals truly unique and individual, and mindful of people’s right to a private life, inclusion is the approach we take towards our personal differences, creating an environment where all our professionals and staff can feel comfortable being authentic and empowered to succeed. We recognise that diversity makes us a healthier organisation which contributes towards attracting outstanding talent to drive creativity and innovation and deliver the best experience for our clients.

As part of our People Strategy, we seek to create a workforce which is broadly reflective of the larger community. We are fully committed to ensure that our people are supported in capitalising on their skills and capabilities in an inclusive manner. We foster a welcoming environment which recognises and respects everyone for their unique characteristics, experiences, and skills, providing advancement opportunities to people of different backgrounds and perspectives to be represented in leadership positions within the organisation.  The organisation offers flexible working arrangements aimed at achieving a good work-life balance for our people.

We also recognise the abilities and unique talents of individuals living with a disability, and seek to identify key roles to enable them to contribute towards the organisation’s purpose and objectives.

Recognising that a diverse team makes us stronger and more effective to move forward, together, it remains a paramount commitment for GVZH to maintain an open, respectable, and inclusive workplace.

Andrew J Zammit, Managing Partner

Andrew J Zammit discusses GVZH Advocates’ on-going initiatives to modernise and streamline its operations to keep synchronised with the exigencies of today’s fast-moving business exigencies.

What do you see as the main points that differentiate GVZH from your competitors?

GVZH enjoys a legacy of almost 80 years in the Maltese legal landscape, resulting from several strategic mergers. As a leading full-service firm, the depth and breadth of our expertise places us amongst the top professional services firms in Malta.

The firm’s values are based on effective teamwork, curiosity, open communication and innovation. These values, which have recently been updated to reflect the firm’s transformation over the past 5 years, form the foundations of the deep-rooted relationships that we develop with our clients, making us true strategic partners.

Whilst working closely with business leaders and entrepreneurs places us in a privileged position, it also requires us to be tuned-in to several macro- and micro-level issues: understanding the dynamics of the industries we are active in, and keeping each client’s risk-gearing clearly in mind. The development of these skills has enabled us to garner the trust and confidence that is central to any meaningful professional relationship.

 

GVZH is also actively engaged by several international firms, ranging from magic circle firms to smaller boutique practices, providing them with both technical and practical insight on any Malta-facing issues. Our active participation in several worldwide networks also provide us with cross-border capabilities which significantly boosts our offering.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Mergers and acquisition transactions, leveraged financing and the public listing of debt and equity securities represent the core activities of GVZH. Whilst mergers and acquisitions and leveraged finance activity maintained a very high level of activity throughout 2020, in 2021 we have experienced a marked surge in acquisitions driven primarily by distressed asset opportunities, and also strategic consolidation in the context of the COVID pandemic. Capital market activity in Malta experienced a significant disruption in 2020, partly due to concerns caused by the pandemic, but also due to a reorganisation of the Listing

Authority. We expect this activity to pick up significantly throughout 2021, which should give our capital markets team several new mandates throughout 2021.

What’s the main change you’ve made in the firm that will benefit clients?

Over the past 5 years the firm has undergone a significant transformation. Our main investments have been focused on technology, streamlining of processes and training. In 2021 we received ISO 9001 certification for specific parts of our management processes, and this marks a significant milestone for the organisation as we continue to automate administrative tasks and workflows. The efficiencies gained from this exercise have already begun to bear fruit, enabling our professionals to collaborate more efficiently and effectively, dedicating their energies towards more value-added functions in the course of their day, ultimately to the client’s benefit.

Is technology changing the way you interact with your clients, and the services you can provide them?

Technology lies at the core of our strategy as an organisation. Indeed, the working from home arrangements driven by the COVID pandemic in 2020 created little disruption to our operation since our secure cloud-based systems had been rolled out in the first half of 2019. The most significant change in behaviour that we have seen is that which has been universally experienced across industries – online meetings have all but replaced face-to-face meetings with clients and correspondent firms, saving everyone significant amounts of precious time. This fundamental change in the way we communicate within the organisation and outside it has undoubtedly enabled us to respond client exigencies quicker and more effectively. Insofar as our services are concerned, the development and centralisation of our internal knowledge systems have also borne fruit with significant positive feedback being received from clients and correspondent firms.

Can you give us a practical example of how you have helped a client to add value to their business?

As an advisory firm we tend to develop a position of trust with our long-standing clients. This position enables us to take on a pro-active role in identifying risks and opportunities that, most importantly, are relevant to their specific business strategy. By way of example, we are regularly approached by clients to assist them with identifying potential strategic targets and wider investment opportunities or, on the other hand, to identify a potential purchaser for specific assets or business-line. Whilst this is not a service that we offer as a firm, and fully mindful of the correct ethical handling of such situations, we have regularly connected prospective investors with prospective target opportunities, some of which have emerged into hugely successful businesses. Our position of trust also brings a corresponding duty, and 2020 was certainly the acid test of our commitment to clients that faced some seriously distressful situations, enabling us to avoid or contain the damage to their business as a result of the adverse economic environment.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

It is evident from our dealings with clients that the stability and strategic direction of the professional organisations that they work with represent key elements to support the on-going rapport. In today’s fast-moving world, an environment where clients can find a “safe haven” to discuss their legal and regulatory challenges and seek reliable advice to guide them through their difficulties is certainly the sort of value that we strive to offer. Moreover, our culture of continuous improvement creates a constant feedback loop, enabling us to learn from each individual outcome of our collective performance.

In the next 3 years we expect to leverage off the investments that have begun over the past years, embracing deeper technological change to support our administrative processes and take further steps to broaden our approach towards mentoring and life-long learning. We are driven to continue excelling in our core areas of expertise by creating a modern, sophisticated and open platform for ambitious professionals to reach their full potential, both on a personal and on a professional level.

How is the Ukraine – Russia situation affecting aviation in Europe?

Russia’s invasion of Ukraine has raised serious questions and has other difficulties in Europe’s travel industry, which is already highly damaged by the Coronavirus.

An Analysis of The Essential Elements Required For The Issuing of a Warrant of Prohibitory Injunction.

On the 26th July 2021, the First Hall, Civil Court, presided by Hon. Judge Audrey Demicoli, in the case “Moon Pay Limited vs. the Malta Financial Services Authority” (‘MFSA’), delivered its final decree in relation to a request filed by the applicant company for the issuing of a warrant of prohibitory injunction, to prevent the MFSA from publishing a decision which it had taken against the applicant company. In its decision, the Court delved into certain requirements which must be satisfied in order for such a warrant to be issued, as well as the manner in which these requirements are to be interpreted.

GVZH Advises Epic Communications On Tower Spin-Off

GVZH is proud to have advised Epic Communications Limited on the Maltese tax and corporate aspects of the sale of 100% of its passive telecommunications infrastructure to Phoenix Tower International (PTI), established an operator of high quality wireless infrastructure sites around the world.

Malta Gaming Authority publishes Guidance Document on Brexit Impact

The Malta Gaming Authority (“MGA”) has published a guidance note (“Guidelines”) laying out the impact that the United Kingdom’s (“UK”) exit from the European Union (“EU”) will have on regulatory affairs within the remit of the MGA. These Guidelines apply to entities established in Malta and operating in the UK, with a UK licence but without a Maltese Licence, or entities established in the UK providing services and supplies within Malta.

GVZH Advocates appoints new Partners

Dr Luca Vella and Dr Kurt Hyzler have been admitted as Partners of GVZH Advocates within the firm’s Corporate, Mergers and Acquisitions, Capital Markets, Banking and Finance and Financial Services Industry practice groups.


Dr. Katrina Abela selected as an Advocacy Committee member of the European Business Aviation Associa

GVZH Advocates is delighted to announce that senior associate Katrina Abela has been selected as a member of the first Advocacy Committee of the European Business Aviation Association.


Temporary Work Permits

It has been recently announced that Identity Malta would reduce the application time of a single work permit by weeks, by allowing foreign workers to start working (on a temporary basis) as soon as their application was approved.


Introduction of new MGA Regulatory Framework moves to 1st August 2018

Further to the notification of the draft legal framework regulating gaming in Malta through the Technical Regulation Information System, a Detailed Opinion has been issued by a Member State in relation to the current draft of the Gaming Authorisations Regulations (the “Regulations”) and the European Commission and another Member State have also issued comments in relation to the various proposed legislative instruments.


Malta Ahead of the Game: Three cryptocurrency and blockchain Bills passed the second reading stage

During a conference organised by the Malta Institute of Management, Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, announced that the three crypto-related bills, namely the Malta Digital Innovation Authority Bill, the Innovation Technological Arrangements and Services Bill, and the Virtual Financial Assets Bill will pass through the second reading in Parliament, and in fact yesterday evening the Maltese Parliament finalised the second reading stage. The bills will now move on to the committee stage and then on to the third reading stage. Once the third reading in parliament is concluded the bills will then be presented to the President of Malta for her assent and become law.


Extension of the Special Designated Areas

By virtue of Legal Notice 181 of 2018, the list of Special Designated Areas has been extended to now include the Southridge Development in Mellieha.

In terms of Chapter 246 of the Laws of Malta, the following table would need to be followed for the acquisition of immovable property in Malta:


Deduction for Transportation Cost of Employees Rules

At the end of February, the Deduction for Transportation Cost of Employees Rules were published through LN67 of 2018. These rules shall apply with respect to transportation costs incurred for the transport of employees as from the year of assessment 2018. These rules shall remain in effect up to the year of assessment 2020.


VAT Grouping Regulations

By Virtue of L.N. 162, the newly implemented VAT Grouping regulations shall come into force as of 1st June 2018. VAT Grouping will enable members of a VAT Group to avoid irrecoverable VAT due on charges made between such members. Applicants forming the VAT Group will be required to be bound by financial, economic and organisational links. Moreover, one of the applicants within the VAT Group must be a taxable person who is licensed or recognised by the Malta Financial Services Authority (MFSA) or the Malta Gaming Authority (MGA).


Deduction for Transportation Cost of Employees Rules

At the end of February, the Deduction for Transportation Cost of Employees Rules were published through LN67 of 2018. These rules shall apply with respect to transportation costs incurred for the transport of employees as from the year of assessment 2018. These rules shall remain in effect up to the year of assessment 2020.


Notional Interest Deduction (NID) Rules

By virtue of Legal Notice 37 of 2018, the Maltese government introduced the Notional Interest Deduction (NID) Rules. Traditionally, businesses operating in Malta finance their operation via debt, given that interest is a deductible taxable expense. On the other hand, equity funded business do not have a corresponding deduction and hence the NID aims to equate the tax treatment of debt and equity by allowing the deduction of a notional interest over equity.


The Malta Gaming Authority (MGA) Publishes Industry Guidelines on the General Data Protection Regula

In anticipation of the coming into force of the GDPR, the MGA, in consultation with the Office of the Information and Data Protection Commissioner (“IDPC”) has issued a guidance document which intends to provide B2C licensees with guidance on the processing of personal data carried out throughout the course of their gaming service operations.