VAT exempt threshold for businesses to rise to €30,000 from €20,000. Tax refund to increase by €45 – €95. This will be subject to income were low income earners receiving more. Cost-of-Living-Adjustment (COLA) of €1.75 per week. One extra day of leave to compensate for public holidays falling on weekends. A tax exemption of €1,000 per…
13.10.2020 Malta is renowned as a leading jurisdiction for the regulation of iGaming. Companies incorporated in Malta receive fiscal incentives such as refunds on dividends, double taxation relief as well as reduced rates of income tax on personal income. All this makes Malta more attractive for iGaming businesses to settle in. In order to…
Below are some of the things that need to be handled in terms of company liquidation, to have an idea of what the process entails: Deregister from VAT Deactivate PE number Cancel business license Cancel company’s entry in the business registry Fulfil any outstanding social security obligations Ensure that all tax returns are filed Close…