Duty on Documents and Transfers Act

4.12.2018 Last month, on 1st November, the Commissioner for Revenue has issued the new tax guidelines in relation to Distributed Ledger Technology (DLT). The guidelines come in a set of three different documents being:   Guidelines on Income Tax Treatment in Relation to Distributed Ledger Technology Guidelines for the purpose of the Duty on Documents…

Meet us at SiGMA tomorrow!

27.11.2018 Everything’s ready so that tomorrow we’ll kick off day 1 out of 3 at SiGMA that’s being held at the Malta Fairs and Convention Centre, Ta’ Qali. Months of preparation lead us to another exciting journey, that of exhibiting once again in the biggest iGaming event held in Malta.   We hope that you’ll…

Tips how to update your books

13.11.2018 Bookkeeping is one of the most important business activities, whether you’re self-employed, own a small, medium or large enterprise. OK, you’ve heard this plenty of times but in this post today, we will be identifying some important bookkeeping tips, targeting specifically small businesses.   1. Never neglect your business This is the number 1…

The Virtual Financial Assets Act

06.11.2018 In the past few days, on Thursday 1st November, Malta made a positive step in the FinTech world as the Malta Financial Services Authority (MFSA) announced that the Virtual Financial Assets Act (VFAA) came into force. This Act was enacted by Parliament earlier this year on 4th July.   The Virtual Financial Assets Act…

We’ll be at SiGMA next month

30.10.2018 The team at Fairwinds Management together with its partners that form part of Business Concept International plc are gearing up to attend another edition of SiGMA – Summit of iGaming Malta exhibition that will be held next month between 28th and 30th November.   This year will be a special one for Fairwinds Management…

Budget 2019 in a nutshell

26.10.2018 In the Budget for 2019 there are no new taxes, tariffs or duties although tax will make up the largest portion of revenue, with income tax revenue expected to go up 11.1%.  There is a cost of living (COL) wage raise of €2.33 per week, with a pro rata addition for student stipends.  This…

Final chance to receive tax credit

23.10.2018 Did your business conduct any refurbishments or upgrades last year, or maybe bought new machinery or invested in technology?   If you are self employed or own a micro enterprise and would like to claim any costs that were incurred during 2017 that were related to the upgrading of business premises, investments in purchasing…

Setting up an ICO?

16.10.2018 Cryptocurrency is the latest phenomenon in the financial sector, which is constantly evolving the way business is done on a daily and global scale. The numerous opportunities presented by cryptocurrency have been greeted by a somewhat reluctant market due to two main issues. Primarily, potential users have yet to fully understand the process used…

We attended DELTA Summit!

09.10.2018 Last week some of our team members at Fairwinds Management Limited attended the much-awaited DELTA Summit; Malta’s leading blockchain and digital innovation summit that was attended by over 4,000 people interested in the blockchain and crypto world as well as others working actively in the fintech industry.   This Summit which will now be…