The Deloitte Malta Tax Bundle Online, published by Deloitte Malta, has recently been updated. Apart from reflecting current legislation relating to income tax, VAT, duty on documents, relevant tax guidelines and selected EU directives, the updated version has also been re-designed with a new look user interface, additional resources and advanced coding for faster performance.

Deloitte Malta was awarded ‘Malta Tax Firm Of The Year 2014’ by the International Tax Review during the 10th European Tax Awards dinner.

A final Standard on insurance contracts is expected to be issued by the International Accounting Standards Board in 2015.

The European Commission has published a guide to the Mini One Stop Shop (MOSS); Find out more on the MOSS and the 2015 changes to the VAT rules ...

Michael Bianchi, Ian Coppini and Paul Manduca have been promoted to the position of Principal within the Audit Service line of Deloitte Malta.

The mini One Stop Shop (MOSS) comes into force on 1 January 2015.

Malta is fast becoming a regional center of excellence due to enterprising policy makers, a mature and developed legal system, a competitive tax environment and an adaptable, highly-skilled English-speaking workforce.

A Global Residence Programme ("GRP Rules") has been introduced with effect from 1 July 2013 for individuals who are not nationals of the EU, EEA or Switzerland in terms of Legal Notice 167 of 2013 and Article 56(23) of the (Malta) Income Tax Act, Chapter 123 of the Laws of Malta ("ITA"), and which GRP Rules confer on the successful applicant a special tax status.

Malta's tax incentive framework faces mounting pressure to evolve as global competition for foreign talent and investment intensifies through strategic government incentives. Deloitte Malta's Tax leader emphasizes that continuous innovation in tax policy will determine whether Malta maintains its competitive edge in attracting high-value business activity.

An incentive scheme was introduced in the Budget Measures Implementation Act, 2012 for Maltese professionals returning to work in Malta in specific industry sectors.

The Highly Qualified Persons Rules include specific eligible offices of undertakings in the aviation industry in Malta licensed and/or recognized by the competent authority or with undertakings holding an air operators’ certificate issued in terms of the Civil Aviation Act.

Increased demand for a broad range of client services saw Deloitte grow for the fourth consecutive year, with Deloitte member firm network revenues of US $32.4 billion for the fiscal year ending 31 May 2013.

Malta Enterprise has issued a call for applications for the pre-approval of Investment Aid Tax Credits.

Expatriates satisfying the definition of a qualifying beneficiary and holding an employment under a qualifying contract of employment in an eligible office in Malta may opt to be subject to tax on such income at a flat rate of tax of 15%.

Nonresident investment committee members of Maltese funds are subject to tax on the portion of remuneration they receive that is attributable to management services.

The scope of taxation in Malta largely depends on the person’s residence and domicile.

Malta has over the years gained international recognition of being a reputable and robust financial centre.

The introduction of the participation exemption in 2007 has enhanced Malta's position as a premier EU holding company location.

Income tax in Malta is governed by the Income Tax Act and the Income Tax Management Act, together with their respective subsidiary legislation, and collectively referred to as the Income Tax.

Malta’s tax treaty network, consisting of 63 tax treaties, has experienced a significant degree of development over the past six months.