The Central Bank of Malta has published the fifth edition of its annual Financial Stability Report, covering the year 2012 and the first months of 2013. The Report analyses the financial system in Malta, identifying potential risks and vulnerabilities and the system’s resilience to shocks.
The Maltese government recently launched the Global Retirement Programme which is intended to incentivise persons who are not nationals of EEA countries or Switzerland to obtain a special tax status which would entitle them to beneficial tax treatment on any foreign income remitted by them to Malta.
The Malta VAT department has issued Guidelines regarding the short-term chartering of yachts by persons registered for VAT in Malta. The Guidelines take into account the rules in the European Union’s VAT Directives for the determination of the place of supply of services where the effective use and enjoyment thereof is partially outside the EU.