Category: Uncategorized

Malta tax rates for individuals in 2023

Malta taxes individuals who are both domiciled and ordinarily resident in Malta on their worldwide income. Any person who is ordinarily resident in Malta but not domiciled in Malta is taxable only on income arising in Malta and on any foreign income remitted to Malta. Such persons are not taxable in Malta on capital gains […]

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Yacht Accounting: Understanding Leasing of Yachts and VAT

Why choose Malta? Due to Malta’s geographical position in the centre of the Mediterranean Sea, Malta has always attracted maritime activity. For business or pleasure, yachts can be an excellent investment in your lifestyle. One of the fundamental reasons for the success of Malta being attractive for personal aircraft is the collective service offering that […]

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Why Compliance Equals Good Business

Companies should never underestimate the importance of compliance. Compliance ensures that all entities and businesses adhere to regulations to prevent money laundering. Money laundering is the process of the illegal movement of money to hide its illegal origin. The compliance professionals at GCS Malta discuss the importance of anti-money laundering (AML) compliance in this article. […]

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