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Malta and Brazil: towards an avoidance of double taxation agreement

Malta and Brazil have discussed signing an avoidance of double taxation agreement during a meeting Malta’s Minister for Foreign Affairs had with the Brazilian Minister of Foreign Defence on 18 May 2012 in Valletta, Malta . Brazil has become a regional power in Latin America and is now a clear leader among developing countries on both...

A welcome amendment has been introduced to the Income Tax Act (Cap. 123, Laws of Malta) by the Budget Measures Implementation Act (Act V of 2012), whereby royalties, advances and similar income derived from copyright, whether in the course of a trade, business, profession or vocation or otherwise, shall be exempted from income tax. Such...

Parliament approves Budget Measures Bill

The Budget Measures Bill, announced in the Budget speech last November, was approved by the House of Representatives on 9 May, 2012. The Budget measures, most of which have already been brought into force, include an extension of maternity leave, lower tax for families with children, an increase in state assistance to parents of children...

Anjelica Camilleri de Marco, partner at Camilleri de Marco & Zahra Advocates, is now able to represent the firm’s clients for the purposes of applications to qualify under the ‘High Net Worth Individuals – EU/EEA/Swiss Nationals Rules’ and the ‘High Net Worth Individuals – Non-EU/ Non-EEA/Non-Swiss Nationals Rules’ issued on 15 September 2011 by the...

The Government of Malta and the Government of Guernsey have signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The agreement was signed on 12 March 2012. The High Commissioner of Malta in the UK, HE Mr Joseph Zammit Tabona, who signed the...

Malta signs Double Tax Treaty with Saudi Arabia

Malta signed a ‘Convention on the Avoidance of Double Taxation’ with Saudi Arabia during bilateral talks held by Malta’s Deputy Prime Minister and his counterpart in Riyadh on 4 January 2012. Saudi Arabia is the largest member of the Gulf Cooperation Council with the most power and oil-based economy. According to the Department of Information,...

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Designed and developed by Blonde and Giant