This scheme compliments the other tax incentive recently introduced in the digital gaming sector, please click here.
On a personal level, individuals working in innovation and creativity are now entitled to a highly beneficial tax treatment on their income.
In fact, income derived from qualifying employment (of an eligible office nature) in a role directly involved in the development of innovative and creative digital products could be subject to a flat tax rate of only 15%. The applicability of this requires the satisfaction of the following conditions:
If the income to be derived from such qualifying contract would exceed Euro 5,000,000 no tax will be levied on the amount of income in excess of Euro 5,000,000 derived from such contract.
For any queries about the aforementioned issue or other matters, kindly contact Mr Joseph Gauci (Managing Partner) at: firstname.lastname@example.org or Mr Benjamin Griscti (Senior Advisor) at: email@example.com
Malta’s Passport Programme to be renewed with some changes expected to be made
Income Tax returns (together with payment) for the Year of assessment 2020 is being extended to 31 July 2020.
The rules, inter alia, set out the criteria that must be satisfied for an assignment to be regarded as valid for th...