Seed’s Proposal: A reduction in Malta’s Corporate Tax Rate
In the last few days we have seen a number of proposals being made ahead of tonight’s extraordinary budget. Later today, the Government will be presenting measures to continue to assist businesses and taxpayers as a response to the economic pressures brought about by COVID-19.
Rent Subsidy Regulations
Following the publication of legal notice 187 of 2020, ‘Rent subsidy regulations’, Malta Enterprise launched a rent subsidy scheme, which supports undertakings engaged in eligible activities who require industrial space as a temporary or permanent solution for a number of activities.
The Consolidated Group (Income Tax) Rules
The Consolidated Group (Income Tax) Rules provide the possibility for a group of companies to elect to compute their chargeable income or losses on a collective basis. Guidelines were issued by the Commissioner for Revenue on the 18 May 2020 on the online registration process.
MicroInvest Scheme
Assistance under this Scheme is provided to undertakings employing less than 50 full-time employees and having an annual turnover of less than €10 million.
OECD Analysis of Tax Treaties and the COVID-19 impact
The COVID-19 pandemic has forced governments to take unprecedented measures such as restricting travel and implementing strict quarantine requirements. These restrictions have led many cross-border workers to be unable to physically perform their duties in their country of employment.
Chart of the Week (20) – GDP growth rates
Over the next months, many analysts will be eagerly waiting for GDP results to fully assess the impact of lock-down measures and halted activity on the economy. Preliminary estimates for the first quarter of 2020 show a drop in GDP by 3.8% in the euro area and by 3.5% in the EU.
Chart of the week (19) – Public finance
Public finance is under spotlight recently. This week we present a set of graphs highlighting Malta's performance.
Taxation of the Real Estate Market following the Budget Measures Act
What We ThinkOn 20 March 2020, various measures announced in the Malta Budget 2020 speech were transposed into law through the Budget Measures Implementation Act.Several changes brought about by the Budget Act relate to the taxation of the real estate market. There was also a change relating to stamp duty on the acquisition of immovable […]
It’s all in the implementation now
Last night the European Commission has approved Malta’s aid package under the temporary state aid framework. This was much awaited news following the announcement of the measures earlier last week.
