In practice, it is common for landlords to recharge tenants for expenses such as water, electricity, cleaning, and maintenance. These recharges often accompany rental payments and may appear straightforward, but their VAT treatment can differ significantly depending on how they are structured.
Company officers must remain vigilant of their obligation to register for VAT purposes in Malta, along with submitting their periodic VAT returns on time to remain compliant with the statutory requirements, keep their company in good standing and avoid the imposition of the applicable penalties.
1. Introduction to ERP Systems Modern ERP systems are evolving and expanding. With developments of new technologies such as cloud computing, mobile applications, and big data analytics, ERP vendors are now offering their solutions through Software as a Service (SaaS) models, allowing easier and quic
The Maritime Sector constitutes a fundamental component of the Maltese economy, with Malta's entrance into the European Union propelling it to become a leading maritime hub across the Mediterranean region.
Shipping companies now have the option to be established and operate under the Merchant Shipping Act instead of the Companies Act. The Merchant Shipping Regulations underwent an amendment on 21st February 2020, notably through Legal Notice 31 of the same year. Such companies are now required to subm
Much has been said and written in recent years about Malta’s reputable position as one of the largest international ship registers across the globe. Fuelled by a robust legal and regulatory framework and bolstered by a comprehensive array of international maritime services and infrastructure, Malta'
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