The Investment Aid incentive entered into force in the fiscal year starting on 1 January 2008 and applies to eligible expenditure incurred on or after 1 January 2008.

On 29 July 2013, the VAT Department published guidelines in relation to the Malta VAT treatment of short-term yacht charters starting in Malta.

With effect from 1 January 2015, telecommunications, broadcasting and electronic services supplied to non-taxable persons which are established, have their permanent address, or usually reside in the EU will be taxable in the Member State of the customer.

Optimism levels are increasing among chief financial officers (CFOs), with expansion plans rising up their priority lists, according to survey results from Deloitte.

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

The 2015 changes to the VAT rules will require businesses which supply taxable telecoms, broadcasting and e-services B2C in the EU to report and pay VAT in the Member State of their customers.

In November 2005, the Maltese VAT Department issued Guidelines explaining the Department’s policy with regard to the VAT treatment of yacht leasing arrangements entered into by Maltese companies.

The Directive sets out EU accounting rules for micro, small, medium and large entities, of which the thresholds are set out in the table below.

Malta Highlights and Taxation and Investment Guide.

Issue 2 - What services will be impacted by the 2015 amendments?

Malta’s continuing effort in extending its tax treaty network (currently, 69 tax treaties entered into by Malta) is again evidenced by a new tax treaty signed with Liechtenstein on 27 September 2013.

Chief Financial Officers (CFOs) of big businesses are shifting towards expansionary strategies and are more willing than ever to take on risk, according to the latest Deloitte CFO Survey in the UK.

Accounting principles/financial statements – IAS/IFRS/General Accounting Principles for Smaller Entities (GAPSE).Financial statements must be prepared annually.

Malta is a fully independent republic with a parliamentary democracy and an elected president as the head of state

Real Madrid has become the first club in any sport to surpass the €500m revenue threshold in a single year, according to the 16th edition of the Football Money League from Deloitte, the business advisory firm.

On 4 September 2013 Malta and Ukraine signed a tax treaty which is the first agreement of this kind between the Contracting States. The main features of the treaty are summarised below.

Ministry for Finance Edward Scicluna presented Malta's Budget for 2017 on the 17th October 2016.

Recently decided VAT cases concerning the VAT exemption applicable to the ‘management of special investment funds’.

With effect from 1 January 2015, telecommunications, broadcasting and electronic services supplied to private consumers (private individuals / non-taxable persons) in the EU will be taxable in the Member State of the customer

In December 2013, Malta Enterprise re-launched the Micro Guarantee and MicroInvest Schemes, with the publication of revised Incentive Guidelines intended to assist the development of small enterprises in Malta and Gozo.