Over the years, the laws regulating Rent in Malta have been eminently amended and new laws introduced in a continuous attempt at reaching a fair balance between landlord and tenant. To this day, this equilibrium has not been attained. In fact, some of these laws have been recently scrutinized and deplored by the Superior Courts...
As of YA 2022, an enrolled voluntary organisation (VO) shall be exempt from tax for any YA in respect of which its turnover for the year immediately preceding that YA does not exceed EUR 50,000 (extended from EUR 10,000 to EUR 50,000 by virtue of Legal Notice 39 of 2021), subject to other conditions being...
On the 20th January 2021, the Commissioner for Revenue and the Registrar of Companies jointly published a Notice to inform practitioners that on the occurrence of : – share transfers, or changes in issued share capital/voting rights of companies and other commercial partnerships, where applicable, or transfers of interests in partnerships, which are required to...
Legislation regulating Surnames prior to 2020 Amendments Marriages, Civil Unions and Separations in Malta are regulated by the provisions of the Marriage Act, Cap. 255, the Civil Unions Act, Cap. 530 and the Civil Code, Cap. 16 of the Laws of Malta. Prior to the amendments introduced in 2017 of the aforementioned Acts, on entering...
What is Waste Management? Waste Management refers to the various schemes which manage and dispose of waste. It can be by discarding, destroying, processing, recycling, reusing, or controlling waste. The prime objective of waste management is to reduce the amount of unusable materials and to avert potential health and environmental hazards. In virtue of the...
The automatic exchange of information is seen as a means to combat tax fraud and tax evasion and following various amendments DAC 6 Directive was implemented to ensure mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements. DAC 6 requires intermediaries and, in certain circumstances, taxpayers to provide...
By means of Legal Notice 437 of 2020, Malta introduced new Regulations for the granting of Maltese citizenship by direct investment. A prospective applicant shall generally apply for an eligibility assessment, which is carried out by Community Malta Agency on behalf of the Minister responsible. Its findings, following a rigorous due diligence check, among other...
Lexpractis has recruited two new members to our team. Dr Maria Claire Ellul who is our legal associate and Ms Stefania Pirotta who is our Executive Manager. Stefania has extensive experience in all things related to office management, office administration both locally and abroad. Her robust international experience in countries such as France, Brussels and...
The Minister of Finance introduced the country’s Budget for the year 2021 and highlighted that COVID 19 has brought about an economic impact on the country resulting in the GDP for 2020 being reduced to 7.7% and a fiscal deficit of 9.4%. Salient measures that were announced include: Tax First time buyers of immovable property...
The Malta Business Registry (MBR) has just published its “Guidance on the Register of Beneficial Owners of Commercial Partnerships” providing an overview of the requirements that need to be adhered to in terms of the Companies Act (Register of Beneficial Owners) Regulations which implemented by virtue of LN 374 of 2017. These Regulations impose on...
