FFF-Legal

The Maltese Commissioner of Inland Revenue has published updated guidelines to the High Net Worth Individual Schemes. The updated guidelines contain improvements to the HNWIs Schemes launched in September. Please click here for information about the revised guidelines as at 28 December 2011. The guidelines on pending applications under the old Residents Scheme Regulations have also been updated.

The Malta 2012 Budget announced in Parliament today contains interesting tax measures aimed at enhancing foreign direct investment in target sectors including a tax exemption on royalties derived from copyright and IP, an extension of the 15% tax rate for game directors, game designers, researchers and academics working in Malta and new tax incentives for digital game development.