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FAQs – Tax FAQ

FAQs – Tax

Tax Under Maltese law, the concept of taxation is based on one’s residence and domicile status which determines whether an individual is chargeable to income tax, and certain capital gains, in Malta on a worldwide basis or on a remittance basis. Malta therefore asserts jurisdiction to tax on the basis of territoriality, ordinary residence, domicile and remittance. The Maltese remittance basis of taxation for individuals who are resident in Malta but not domiciled, allows for flexibility on the amount of chargeable income an individual may be subject to in a given calendar year. For more information about our corporate practice please click here.…
MamoTCV Advocates
24th June 2016
Citzenshipold FAQ

Citzenshipold

Citizenship/Residence /Visa Why choose to live in Malta? In 2015, Malta was voted the third best place in the world to live Malta has long been coveted for its strategic location, temperate Mediterranean climate, and more recently the advantages afforded by being the smallest EU (and a Schengen) Member State. Its continued focus on; increasing direct travel links with the world’s major financial centres, offering a safe environment, broadening its bi-lateral immigration treaties and maintaining one of the top ranked passport in the world, ensures that it’s colourful history will continue to be written.  1. Malta’s Individual Investor Programme (MIIP)…
MamoTCV Advocates
24th June 2016
VAT- Aircraft leasing guidelines/initiative – VAT Mitigation and simplification measure News and Publications

VAT- Aircraft leasing guidelines/initiative – VAT Mitigation and simplification measure

  The VAT Department in Malta has issued guidelines relating to aircraft leasing. The guidelines which are based on the current yacht leasing measures, seek to mitigate the VAT impact on the purchase of an aircraft and its engines.  The guidelines would apply to aircrafts used privately.  The mitigation measure applies by virtue of the adoption of a leasing arrangement which is entered into by the owner of an aircraft and its lessee. Both the owner and the lessee would need to be Maltese registered entities. VAT at the standard Maltese rate is levied on the deemed usage of the…
MamoTCV Advocates
7th May 2016
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Constitutional Appeal on the Protection of Human Rights in Competition Proceedings. Antitrust, Competition and Trade

Constitutional Appeal on the Protection of Human Rights in Competition Proceedings.

This article was written by Dr Richard Camilleri and Dr Annalies Azzopardi.MAMO TCV OBTAINS FAVOURABLE DECISION FOR RESPONDENT IN CONSTITUTIONAL APPEAL REGARDING THE PROTECTION OF HUMAN RIGHTS IN COMPETITION PROCEEDINGS In a judgment dated 3 May 2016, in the names Federation of Estate Agents v Director General (Competition) et (Constitutional application number 87/2013/2), the Constitutional Court confirmed that the competition procedures currently envisaged by the Competition Act (Cap. 379 of the laws of Malta) in the case of a breach of the competition rules violate the provisions of the Constitution of the Republic of Malta ("the Constitution") with regards to…
Richard Camilleri
5th May 2016
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The Protection Of Human Rights In Competition Proceedings Antitrust, Competition and Trade

The Protection Of Human Rights In Competition Proceedings

This article was written by Dr Richard Camilleri and Dr Annalies Azzopardi.MAMO TCV REPRESENTS APPLICANT IN LANDMARK CONSTITUTIONAL CASE REGARDING THE PROTECTION OF HUMAN RIGHTS IN COMPETITION PROCEEDINGSIn a judgment handed down on 21 April 2015 in the names Federation of Estate Agents vs Direttur Ġenerali (Kompetizzjoni) et (application number 87/2013), the First Hall, Civil Court in its constitutional jurisdiction held that the procedures currently envisaged by the Competition Act (Cap. 379 of the laws of Malta) in the case of a breach of the competition rules violate the provisions of the Constitution of the Republic of Malta ("the Constitution")…
Richard Camilleri
7th May 2015