What is the Notional Interest Deduction?

What is the Notional Interest Deduction?

Notional Interest Deduction During the Budget Speech, the Minister of Finance introduced the concept of the Notional Interest Deduction by means of Legal Notice 262 of 2017. The Notional Interest Deduction (NID) focuses on creating a balance between the tax treatments...
How does the Budget affect you?

How does the Budget affect you?

Malta Budget 2018 In the last year the Maltese economy has flourished. A budget surplus of €88m for 2017 has been recorded, female participation rates have increased by 3.1%, and a record unemployment rate of 4.1% has been established. And Budget 2018 has much more to...
Amendments Made to Fringe Benefits Rules

Amendments Made to Fringe Benefits Rules

New Legal Notice In August 2017 a new legal notice was published, bringing about several changes and updates relating to the local Fringe Benefit Rules. Bearing in mind the increase in teleworking and cross border contracts, the new legal notice provides more...
Does my business qualify as a Family Business?

Does my business qualify as a Family Business?

The Family Business Act Doubling its economic growth, lowering unemployment rates and national deficits and increasing investment rates have all been on Malta’s agenda over the last three years. With 98% of entities in Malta qualifying as micro or small and medium...