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Maltese Legal Framework for Distributed Ledger Technology Platforms

A Consultation Paper entitled “the establishment of the Malta Digital Innovation Authority; the Framework for the Certification of Distributed Ledger Technology Platforms and Related Service Providers; and a Virtual Currency Act” was issued on the 16 of February 2018 by the Government of Malta. Interested parties are requested to provide feedback regarding the consultation paper,…

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The Malta Financial Services Authority on Virtual Currencies

The Malta Financial Services Authority (“MFSA”) issued two consultation documents with regards to Virtual Currencies: A Consultation on the Proposed Regulation of Collective Investment Schemes Investing in Virtual Currencies. MFSA took into consideration the feedback they received and on 29 January 2018 published specific supplementary licence conditions applicable to Professional Investor Funds investing in Virtual…

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Claim for Deduction of School Transport Fees, Cultural and Creative Courses Fees and Sports Activities Fees

School Transport Fees Parents, who during year 2017 paid school transport fees for their children who are under 16 years of age and who attend a church school or private school during 2017 are allowed a tax deduction against their income. Such deduction is limited to a maximum of €150 per child per annum. A…

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Claim for Deduction of School Transport Fees, Cultural and Creative Courses Fees and Sports Activities Fees

School Transport Fees Parents, who during year 2016 paid school transport fees for their children who are under 16 years of age and who attend a church school or private school during 2016 are allowed a tax deduction against their income. Such deduction is limited to a maximum of €150 per child per annum. A…

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Malta’s Licensing of Skill Games

As all the major participants in the gaming world are gearing up to meet at ExCel, London, the Malta Gaming Authority (MGA) announced its regulation for Skill Games, including a Skill Games Licence for Fantasy Sports Operators. This licence is applicable for both B2C and B2B. This is different from the other class licences offered…

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The Key Employee Initiative

The Key Employee Initiative The newly-introduced Key Employee Initiative is a fast-tracked employment and residence process for highly-specialised Non-EU nationals who would like to work and live in Malta. Eligible applicants: The Key Employee Initiative is aimed at managerial or highly-technical posts requiring particular qualifications or adequate experience. Innovators involved in start-up projects endorsed by…

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Malta Budget 2017 Summary

Please follow the link to view the Malta Budget highlights 2017

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Donations (Sports and Culture) (Amendment) Rules, 2016

As from 1st January 2016, donations made by a company to a non-profit making cultural organisation approved by the Arts Council Malta will be allowed a tax deduction of 150% of the amount donated. The tax deduction is capped at the lessor of such calculated amount or €50,000. Should you require any further information or…

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Part-Time Work (Amendment) Rules, 2016

The following amendments to the Part-Time Work Rules have come into force: As from 1st January 2016, police officers carrying out extra duty work over and above the officer’s normal duties and overtime may benefit from the 15% flat tax rate applicable under the Part-Time Work Rules. To benefit from these rules, police officers need…

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Qualifying Employment in Aviation (Personal Tax) Rules – Subsidiary Legislation 123.168

The significance of the aviation sector in Malta and its contribution to the country’s economy led to the drafting of such tax rules in relation to Qualifying Employment in Aviation targeting specific skills and professions in the aviation area. Such rules are effective in relation to employment income from eligible offices as from 1st January…

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