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BCMS Limited
'Coral'
243/1 Constitution Street
Mosta, MST 9052
MALTA

T: +356 2142-1111
M: +356 9947-5566
F: +356 2141-7118
E: rkg@bcmsltd.com

Consolidated Income Tax for Group of Companies

By virtue of LN 110 of 2019, the Maltese income tax system introduces the consolidation of income tax returns of the parent and its subsidiaries.

Subject to certain conditions being met, a parent and its subsidiaries will become one “Fiscal Unit” for income tax purposes and file only a single tax return with the […]

The Property Tax System – Part 2

This article was penned by Mr Marvin Gaerty who currently serves as Commissioner for Revenue. He heads all the Revenue Departments including Inland Revenue, Vat and Customs. We are reproducing this for your quick reference since it gives a good summary to understanding the current property tax regime.

Background

ACT No. XIII of 2015 (Budget […]

The Property Tax System – Part 1

This article was penned by Mr Marvin Gaerty who currently serves as Commissioner for Revenue. He heads all the Revenue Departments including Inland Revenue, Vat and Customs. We are reproducing this for your quick reference since it gives a good summary to understanding the current property tax regime.

BACKGROUND

On 17 March 2006 legislation was […]