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The scheme announced by the Government of Malta for those buying their first residential property has now been extended by an additional 3 months to the 30th of September 2015.

The Maltese government has recently announced that the Tax Exemption Scheme which was previously introduced to benefit first time buyers will once again be extended till the 30th of November 2015.

The below are the key highlights emanating from the Budget Speech Malta. The theme chosen was ‘a strong economy' for the 2016 budget.

Malta’s corporate tax regime is designed to support international businesses, offering a compliant and flexible framework for companies operating across borders.

On 8 June 2020 the Maltese Government announced an economic recovery package aimed at boosting the economy impacted by the COVID-19 pandemic. Key measures include: 1.Update of Covid Wage Supplement which will remain in...

On the 8th of July two legal notices were published amending the High Net Worth Individuals Rules.

The new Maltese Government has recently presented the 2013 Budget that essentially reflects the measures that had been announced by the previous Government in its budget presented in November 2012.

By virtue of two legal notices published on the 8th of July, the High Net Worth Individuals Rules (HNWI Rules) have now been amended to reflect the Global Residence Programme threshold, both in terms of tax and property value (be it purchase or lease), and a new special tax status is presented.

The temporary COVID schemes allowing for reduced tax/duty rates on transfers of immovable property have been extended until the end of June 2023.

Malta is one of the most attractive destinations for establishing holding companies dedicated to managing intellectual property (IP), thanks to its combination of favourable tax benefits, a strong legal framework, a network of over 70 Double Taxation Agreements (DTAs) and direct access to the European single market.

Legal Notice 269 of 2014 has amended the Malta Retirement Programme Rules which were originally promulgated in 2012.

The reduced rate of stamp duty applicable to the transfer of shares in a family business from 2% to 1.5% has been extended for a further period of six months until 30th September 2018...

Malta's Budget for 2016, focusing on the theme of a stronger economy, prioritised the achievement of the Government's fiscal targets and a fair distribution of wealth, both socially and geographically, that will benefit everyone.

Maltese tax law provides for a ‘Step-Up’ provision to persons who acquire residence or domicile in Malta with respect to their assets held outside Malta.

Mr Liao Wang is a successful Chinese businessman who lives in Beijing with his wife. At 55, family remains central to his life. Their two children study in Europe, one in Amsterdam and the other in Madrid, and the couple visits them every six to eight weeks. Since both children have finished school and have continued their studies abroad, the Wangs are considering a move of residence.

However this isn’t something which will be of relevance for much longer.

The High Net Worth Individuals (HNWI) Rules were launched towards the end of 2011 as part of the revamp of the permanent residence regulations.