The change to the definition of control in IFRS 10, Consolidated Financial Statements ["IFRS 10"] is expected to have a significant effect on the investment management industry.

The Malta Budget 2019 was presented to the House of Representatives by Finance Minister, Edward Scicluna, on Monday, 22 October.

The Malta Budget 2021 was presented by the Minister for Finance, Dr Edward Scicluna on Monday, 19th October.

The Hon. Minister of Finance Prof. Edward Scicluna, presented his 2014 Budget speech on 4 November 2013.

Act III of 2013, entitled the ‘Budget Measures Implementation Act, 2013’ was published on the 17 May 2013.

On 30 November 2012 various Legal Notices were published so as to transpose into Maltese law the new VAT invoicing rules that have been introduced at EU level by Directive 2010/45 (‘the Invoicing Directive’). The new rules aim to simplify, modernize and further harmonize how invoices are drawn up throughout the EU.

Malta has introduced an "Individual Investor Programme" (the "Citizenship Programme") with which Malta grants naturalisation (i.e. citizenship) by investment to reputable foreign individuals and their eligible dependents following a thorough and rigid due diligence process. The following is a summary of the salient features of the Citizenship Programme.

In our VAT Insight Issue No. 2013/02 we provided you with an overview of the facts, the questions referred to the Court of Justice of the European Union for a preliminary ruling and the Opinion of the Advocate General in the fiscale eenheid PPG Holdings BV case, which particularly relates to VAT and pension fund management.