News

    Client Liaison Officer – Chinese speaking

    Client Liaison Officer - Chinese Speaking Summary The Client Liaison Officer shall provide a wide range of liaison and support services to [...]

    Malta Implements the VAT ‘’Quick Fixes’’ Package

    In preparation to the entry into force on 1st January 2020 of the new provisions of the Council Directive (EU) 2018/1910, Council [...]

    Job Vacancy - Corporate Finance Specialist

    Corporate Finance Specialist Summary The advisory arm of Nexia BT provides tailor made solutions to meet customers’ specific requirements [...]

    MFSA to Prioritize the Fintech Industry

    Through a strategic document covering the period from 2019 to 2021, the Malta Financial Services Authority (MFSA) has recently issued a [...]

    Job Vacancy - Payroll Clerk

      Payroll Clerk Position Summary The payroll clerk will join a team of professionals who provide payroll services to clients.  The chosen [...]

    Rent Reform & Budget Measures 2020

      New Property Rent Reform in Malta News piece last updated on 11/9/19 11/10/19 The law seeks to introduce stability and predictability [...]

    Malta Ranks Low in Money Laundering & Terrorist Financing Swiss Index

    According to the Basel Institute for Governance, Malta yet again secured a low-risk jurisdiction status for money laundering and terrorist [...]

    Job Vacancy - Receptionist

    Receptionist (Part-time basis) Summary The receptionist will be responsible for handling front office reception and administration duties, [...]

    Patent Box Regime (Deduction) Rules

    Article 14(1)(p) of the Income Tax Act, Chapter 123 of the Laws of Malta allows for a deduction against income from qualifying intellectual [...]

    Moody’s upgrades Malta’s rating

    For the first time in 11 years, Moody’s, the established credit rating agency, updated  Malta’s rating from A3 to A2.  The changes can be [...]

    Fitch rates Malta's long-term direction as 'positive'

    Last Friday, the rating agency Fitch reviewed the country’s economic prospects as ‘positive’ confirming the former A+ status. Following the [...]

    MGA - Publication of 2018 Annual Report & Financial Statements

    The Annual Report and Financial Statements for 2018 have been issued by the Malta Gaming Authority (MGA). The report serves as a summary of [...]

    Malta - The Safest Country in Europe, 2nd in the World

    For the second time, Malta has been voted as the safest in Europe.  Published by the New World Health in its 2019 Global Wealth Migration [...]

    Corporate Tax Update - May 2019

    Group of Companies Tax Consolidation On the 31st of May 2019, by means of Legal Notice 110 of 2019, the Consolidated Group (Income Tax) [...]

    Job Vacancy - Internal Audit Risk Advisory

    Job Summary Ensures successful completion of assigned audit engagements, from start to finish, inclusive of preplanning and wrap up [...]

    Job Vacancy - Corporate Finance Advisor

    The advisory arm of Nexia BT provides tailor made solutions to meet customers’ specific requirements in relation to internal audit and [...]

    Malta as a global FinTech hub with new FinTech Strategy

    The MFSA is aligning Malta as an international FinTech hub The MFSA has completed it’s new FinTech strategy, subsequent to a comprehensive [...]

    BOV SME Invest 2019

    Bank of Valletta and the Malta Development Bank launch a new €50 million financing package for SMEs More good news for SMEs! On the 13th of [...]

    Malta among top 3 in Europe Employment Rates

    In an effort to reinforce the European Union’s economy in 2010, the European Council approved the Europe 2020 strategy. One of the aims was [...]

    Nexia International member firms as at December 2018

    Here is a list of the Nexia International firms as at 31 December 2018: ASIA PACIFIC Australia LWK Sydney Nexia Australia - Brisbane office [...]

    British Citizen Rights in Malta Post-Brexit

    The United Kingdom’s referendum has resulted in the Brexit Withdrawal Agreement. In preparation this eventual withdrawal, the Maltese [...]

    Malta registers yet another surplus of 2% of GDP in 2018

    Malta Recorded a Surplus of €250.8 million in 2018 The National Statistics Office has released the results for the government’s [...]

    New Gaming Act Approved by the Maltese Parliament

    On the 8th of May 2018, the Maltese Parliament has approved the third and final reading of the Gaming Act [...]

    Job Vacancy - Accounts Junior

      Position Summary The selected candidate will be assigned a diverse portfolio of International clients, with varying accounting [...]

    Nexia Ninth Largest Global Network

    Nexia International (Nexia) is pleased to announce that according to the latest International Accounting Bulletin (IAB) World Survey, the [...]

    Vat Update- VAT Treatment of Yacht Leasing

    Malta has always established itself as a leading maritime centre having the largest ship register in the European Union and the sixth [...]

    Job Vacancy - Audit Junior

    The Junior within the Audit department is expected to meet client commitments on audit engagements by executing small and medium-sized [...]

    Job Vacancy - Audit Senior

    Audit Senior The Senior within the Audit department is expected to meet client commitments on audit engagements by executing audits and [...]

    Malta Tops Europe's Economic Growth Forecast List

      Malta’s economy maintained a strong growth trajectory in 2018, with a particularly brisk increase in the Q3.   Real GDP growth is [...]

    Tax Credits supporting the Refurbishment of Hotels and Restaurants

      The tourism industry is one of the pillars of the Maltese economy. To support the development and modernisation, investment in this [...]

    Malta records ‘highest surplus and largest decrease in debt in the EU’

      The Ministry of Finance received the latest public finance statistics published by Eurostat.   The statistics by the Eurostat showed [...]

    Job Vacancy - Accounts Semi-Senior

    Summary The Accounts Semi-Senior will be responsible for bookkeeping and accounts preparation; VAT compliance; compilation of annual [...]

    Malta Implements the Anti-Tax-Avoidance-Directive

      The provisions of Council Directive (EU) 2016/1164 of 12 July 2016 implemented rules against tax practices that directly affect the [...]

    TA22 and TA24 Submission Deadline Date Change

    The Commissioner for Revenue has announced that the deadline for the submission of TA22, for Part Time Self Employed persons in terms of [...]

    Tax Guidelines - VFAs

      Introduction On the 1st of November 2018, the Malta Commissioner for Revenue has issued guidelines on the income tax, stamp duty and VAT [...]

    A Country Programme Framework (CPF) Signed by Malta for 2018–2023

    Malta’s Country Programme Framework (CPF) for the period of 2018–2023 was signed by Natasha Meli Daudey, Ambassador and Resident [...]

    Malta’s Growth Performance, Positive Outlook

      Standard and Poor’s Credit Rating agency has avowed Malta’s A-/A-2’ ratings with a positive outlook. Malta’s robust and steady growth [...]

    Blockchains’ Role in the Future of iGaming

    Malta recognizes the strong potential of blockchain in future generations. It is currently involved in efforts to create a pioneer European [...]

    Malta Aims For Blockchain-Based Online Gaming Industry

      Online gaming is a booming industry in Malta offering huge opportunities and attracting several major iGaming companies across the globe. [...]

    Job Vacancy Client Liaison Officer (Chinese speaking)

    The International Client Services Department at Nexia BT is seeking to recruit a Client Liaison Officer. Position Summary The Client [...]

    Malta | Top Eurozone Performer

    According to a review by rating agency DBRS, Malta has been listed amongst the top countries with lowest unemployment rate and the top [...]

    MGA’s Policy on Outsourcing by Authorised Persons

    In view of the gaming industry’s interdependency on B2B providers, the MGA has published this policy to establish a clear framework as to [...]

    Gaming Act’s new legislative framework

    As penned in our previous news update, the Gaming Act’s new legislative framework (coming into force on the 1st of July 2018) includes [...]

    Malta VAT Grouping

    Effective as from 1 June 2018, Legal Notice 162 of 2018 – Value Added Tax (Registration as a Single Taxable Person) Regulations, 2018 has [...]

    Highly Qualified Persons (Amendment) Rules 2018

    The tax incentive provided by means of the highly qualified persons rules, originally issued in 2011 has now been extended by virtue of [...]

    The Maltese Government framework DLT

    In the recent years, Malta has promoted itself as a hub for trade and free movement. In this respect, it has never shied away from being [...]

    Budget Measures Implementation Act 2018

    The below tax update highlights the main measures that were entered into force by means of ACT VII of 2018, enacting the measures announced [...]

    Job Vacancy Client Liaison Officer

      Arabic / French speaking The International Client Services Department at Nexia BT is seeking to recruit a Client Liaison Officer. [...]

    Gaming brought in more than €550.6m to Malta in first half of 2017

    In a statement issued by the Malta’s Gaming Authority, gaming in Malta has contributed to more than €550m to the Maltese economy between [...]

    ICO's, virtual currencies and service providers

    Today, the 30th of November 2017, the MFSA issued a discussion paper on initial coin offerings (ICOs), virtual currencies and related [...]

    Malta’s citizenship by investment programmes achieve formidable results

    Maltese Prime Minister, Hon. Dr. Joseph Muscat addressed over 400 attendees from more than 40 countries at the 11th Global Residence and [...]

    Gambling VAT Exemption

    On the 21st November 2017, the Malta Commissioner for Revenue issued two guideline documents (“the guidelines”) in relation to the current [...]

    Micro Invest Tax Credit Scheme

    Malta Enterprise has re-launched the Micro Invest Tax Credit Scheme whose objective is to assist small and medium sized enterprises to [...]

    Malta’s shipping register remains EU’s largest

    On the 26th September 2017 Transport Minister, Dr Ian Borg, announced a 63% increase in the number of new entries in the Maltese shipping [...]

    Climbing up in the World Economic Forum

    Malta has once again improved its ranking in the new 2016/2017 World Economic Forum’s Global Competitiveness Index published. Malta can now [...]

    Income Tax, VAT and licencing requirements

    Nexia BT is proud to announce a 2.5-hour course titled: Income Tax, VAT and licensing requirement on income from renting immovable [...]

    MFSA Issues Rules for Virtual Currencies

    On the 29th of January 2018 the Malta Financial Services Authority (MFSA) issued a Circular to the Industry on the Supplementary Conditions [...]

    Malta’s economic confidence index increases by 4%

    Malta - a european island with a strong economy. But what is making Malta attractive for foreign investment? A study conducted by the [...]

    Malta ratifies double taxation agreement with Ukraine

    A double taxation treaty between Malta and Ukraine has been ratified by the Government of Malta in December 2017. This is the primary legal [...]

    New VAT Guidelines in relation to the gambling VAT exemption

    On the 21st November 2017, the Malta Commissioner for Revenue issued two guideline documents (“the guidelines”) in relation to the current [...]

    Malta receives A+ rating from Creditreform Rating AG

    German credit rating agency Creditreform Rating AG has assigned an A+ rating with stable prospects to the Maltese economy when evaluating [...]

    MFSA issues consultation document on virtual currencies

    On the 23rd of October 2017, the Malta Financial Services Authority issued a consultation document titled ‘Consultation on the Proposed [...]

    Is crowdfunding the new lending?

    Introduction In the years following the 2008 financial crisis, a number of alternative means of financing have been sought after contrary [...]

    Nexia BT event: Malta Budget 2018: Discussed

    Following the budget speech delivered on Monday 9 October by Hon. Edward Scicluna | Minister for Finance, our tax department will be [...]

    Cannes International Emigration and Luxury Property Expo

    Nexia BT will be participating in the Cannes International Emigration and Luxury Property Expo between the 26th and the 27th October. Our [...]

    Malta is one of the top options for China’s wealthy looking to relocate

    In 2016, China registered more than 16,000 ultra-high net worth individuals, placing it in 3rd place on a global scale. According to the [...]

    Can Malta extend its success in the iGaming industry to all startups?

    In 2004, Malta kickstarted the iGaming Industry with the launch of the remote gaming regulations, making it the first country in Europe to [...]

    Investment opportunities in Malta for wealthy South Africans

    In a report issued by global property consultancy Knight Frank titled The Wealth Report, Malta has seen a rise of 12% in the ultra-wealthy [...]

    Proposed reforms to the Malta Gaming Legal Framework

    The Malta Gaming Authority (MGA) has issued a white paper which aims to “future proof Malta’s Gaming Legal Framework”. The main aim of this [...]

    Nexia BT newsletter - May 2017

    Welcome to Nexia BT’s January 2017 newsletter. We are pleased to share with you the latest issue of our quarterly newsletter, keeping you [...]

    The IASB issues IFRS 17, Insurance Contracts

    On 18 May 2017, the International Accounting Standards Board (IASB) issued IFRS 17, Insurance Contracts. It sets out a comprehensive [...]

    Stamp duty reductions and fiscal incentives for family businesses

    Legal Notice 131 of 2017 entitled ‘Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order, [...]

    Malta Gaming Authority introduces new regulations for Skill Games

    On Tuesday 24th January 2017, following the publication of Legal Notice 31 of 2017 entitled Skill Games Regulations, 2017, [...]

    Silicon Valletta boosts Malta’s tech ecosystem

    Malta has recently surpassed the Netherlands after being identified as the country in Europe with the highest density of population. But [...]

    Malta and Vietnam - Double Taxation Relief Treaty

    In July 2016, Maltese Foreign Affairs Minister George Vella and Vietnamese Foreign Affairs Minister Pham Binh Minh signed a double taxation [...]

    EU VAT Action Plan supported by Malta

    Proposed changes in the local VAT system was one of the main topics discussed by Hon Prof Edward Scicluna, Minister for Finance, at the VAT [...]

    Malta Budget 2017

    On the 17th October 2016, the Minister for Finance, the Hon. Professor Edward Scicluna presented his speech for the 2017 budget. This [...]

    Malta-Azerbaijan double taxation treaty

    On the 29th April 2016, the Government of Malta and the Republic of Azerbaijan signed a double taxation treaty (the Treaty). This was later [...]

    Government’s Vision for Malta as a Centre for International Arbitration

    In line with its vision to promote Malta as an attractive jurisdiction for international arbitration, the Maltese Government recently [...]

    The Malta Residence and Visa Programme Regulations

    What does the Residence and Visa Programme grant the applicant? Malta residence permit to beneficiary and dependants Freedom of movement [...]

    Employers’ Maternity Leave Contribution

    Social contributions made by employers will be subject to changes pursuant to two Legal Notices which were published on the 11th August [...]

    Budget Measures Implementation Act, 2015

    On 30th April 2015, Act XIII of 2015 “Budget Measures Implementation Act, 2015”, (“the Act”) has been enacted by the Maltese Parliament [...]

    Nexia International has broken the US$3bn barrier

    Nexia International is pleased to report financial results for 2014 which show total fee income to be just over US$3bn (€2.54bn), an [...]

    Malta Budget 2015

    The 2015 Malta Budget has been presented in Parliament on Monday 17th November 2014. This document highlights the main fiscal measures as [...]