Insights

The Act introduces a number of changes to the Companies Act, including revisions to company classifications, compliance obligations and the use of electronic communications, with the aim of making corporate administration more straightforward.

The Department of Social Security (the “DSS”) has revised the A1 certificate application process with effect from 1 September 2026. The change applies to employees, seafarers, air crew members and other individuals requiring an A1 certificate.

Between operations, crew, VAT, customs, payroll, structuring and compliance, many decisions are taken quickly and often under pressure. Yet behind every yacht, there is an entire operational and regulatory framework that owners, managers, captains and advisors need to manage properly.

Many businesses produce management accounts monthly, providing useful information on revenue, costs, profitability, cash position, and overall performance.Yet despite receiving these reports, business owners and management teams often find that important questions remain unanswered.

In tax, the classification of a gain as either income or capital can make a significant difference. Under Maltese law, income is generally taxable, whereas capital gains are taxed only where they fall within the specific charging provisions of the Income Tax Act.

The aviation industry has become increasingly international. Businesses are no longer competing locally for talent. They are competing across jurisdictions for experienced executives, technical specialists and professionals with sector-specific expertise. For companies looking to establish or expand operations in Malta, attracting and retaining the right people is often one of the biggest challenges.

The United Nations Pensions Programme (UNPP) offers a dedicated residence and tax framework in Malta for recipients of a United Nations pension or Widow’s/Widower’s Benefit. The programme provides an attractive tax treatment whilst allowing beneficiaries to establish their principal residence in Malta.

The second edition of our 2026 VAT Newsletter is out now!