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Welcome to the first edition of the 2020 KPMG Malta Shipping Newsletter.

Financial regulations are constantly evolving and changing on a frequent basis in an attempt to adapt to the ever-expanding digital landscape.

The proposed new taxing right requires a method to quantify profits and to allocate these profits among the involved market jurisdictions.

The Income Tax Management Act, Chapter 372 of the Laws of Malta (‘ITMA') grants extensive powers to the Commissioner for Revenue (‘CfR') especially in the context of income tax collection.

In 2021 the EU tackled business taxation with the aim of promoting a robust and efficient business tax system with long term benefits.

On 24th September 2019 Starbucks won their appeal against the European Commission's decision of 2015, over a €30 million tax fine issued by the Commission. The General Court of the European Court ...

Malta's Commissioner for Revenue published, on 19 June, new guidelines under Article 6 of the Income Tax Act on tax benefits for "investment services and insurance expatriates".

Many individuals mistakenly believe that obtaining beneficiary status under Malta's Global Residence Programme or The Residence Programme automatically qualifies them for a Malta Tax Residence Certificate. This article examines the critical legal and administrative distinctions between these two separate processes, explaining when and how individuals can successfully obtain a Tax Residence Certificate beyond their programme beneficiary status.

As from 1st January 2026, the eight amendment to the Directive on Administrative Cooperation in Direct Taxaction (commonly referred to as "DAC 8") came into force across all European Union Member States.

Amid all the press and industry comment on the Overseas Transfer Charge, what has gone almost unnoticed is the implementation of the EU Council Directive regarding the mandatory automatic exchange...

On 28 February, 2025, the Administrative Review Tribunal (the "Tribunal") delivered its decision in XXX v Kummissarju tat-Taxxa u Dwana (Rikors No. 5/2018 SG)...

The EU Mandatory Disclosure Regime is a mandate set in place to require citizens to report their cross-border transactions for taxpayers and intermediaries.

Malta's transfer pricing framework has evolved significantly with the introduction of formal Transfer Pricing Rules in 2022 and subsequent amendments. As the transitional period approaches its end in 2027, international businesses with related-party cross-border transactions must understand how these regulations affect their operations and what documentation requirements they need to meet to ensure compliance with OECD principles and arm's length pricing standards.

The investment services industry in Malta is regulated and monitored by the Malta Financial Services Authority, the single regulator for financial services in Malta.

With a potential internal market of 450 million consumers, the European Union is one of the biggest markets in the world.

Act XVIII contains fiscal amendments to implement some of the Budget Measures for 2021. We highlight the salient income tax and duty measures enacted.

DAC8 primarily extends the EU tax transparency rules to cover crypto-assets and e-money and will apply to all crypto-assets service providers (CASPs) providing a service in the EU.