You leap and…You take a risk. Through going out of your comfort zone. By trading the daily safe routine for the unknown situation of your new future.Humans have been doing this for centuries. We have been creating opportunities since our rise on earth, precisely because our existence depended on taking risks and searching for the […]
CSB Fintech Ltd has reached an important milestone by receiving the In-Principle Approval from the Malta Financial Services Authority (MFSA) to act as a VFA Agent in terms of Article 7 and 14 of the Virtual Financial Assets Act (Chapter 590 of the Laws of Malta), (the “VFA Act”). In the coming months, the company […]
Once again, CSB Group team members have been present at the 3rd Annual Malta Workshop organised by the Investment Migration Council (IMC). This was entitled Looking Ahead – the Future of Residency & Citizenship by Investment.This edition counted with the Special Keynote of Julia Farrugia Portelli, Government of Malta Parliamentary Secretary who opened the conference […]
A. Income Tax No new taxes have been introduced. A final tax of 15% will apply on the first €100,000 of gains or profits derived from the transfer of a promise of sales. Any gains or profits over and above the €100,000 will remain taxed at 35% in terms of Property Transfers Tax. A reduction […]
The Secretariat’s proposal is designed to address the tax challenges of the digitalisation of the economy and to grant new taxing rights to the countries where users of highly digitalised business models are located. The proposed “Unified Approach” would retain the current rules based on the arm’s length principle in cases where they are widely […]
The Council of Ministers adopted last Wednesday the directive on whistle-blower protection at the Justice and Home Affairs Council in Luxembourg. The directive will guarantee a high level of protection for whistleblowers by establishing safe channels for reporting both within an organisation and to public authorities, setting EU-wide standards.Enhanced whistleblower protection will raise the overall […]
In pursuit of a common goal of safeguarding the Maltese financial sector, gaming sector, and other sectors and professions from being misused for criminal purposes, the FIAU would like to bring to the attention of all subject persons a Guidance Note issued by the Sanctions Monitoring Board (SMB) in October 2019 in relation to Targeted […]
Some tax highlights happening around the worldRussia: Potential Change to Definition of Russian Tax Residency for IndividualsIndividuals spending 90 days a year in Russia, or having their centre of vital interest in Russia, might be viewed as Russian tax residents starting from January 1, 2020 following the OECD’s Country Programme on Taxation with the Russian […]
The Qualifying Employment in Maritime Activities and the Servicing of Offshore Oil and Gas Industry Activities (Personal Tax) Rules (LN140 of 2018 ) is a programme that allows senior employees engaged within the maritime and oil and gas industry to benefit from a flat rate of 15% tax on employment income derived in respect of […]
