Tax Consultancy and Tax Planning
Providing expert tax consultancy is part of our everyday business. If you're seeking guidance on personal tax planning, we are here to help. Similarly, if your needs are more complex because you require corporate tax planning, VAT consultancy or international tax advice, contacting our office is the first step.
As tax advisors, one of our main competencies is a thorough knowledge of the Maltese taxation system, rules, and laws that individuals and companies must comply with. This sphere comprises assisting with tax registrations, including VAT and employer tax obligations, preparing and submitting tax returns to the Malta Tax Authority on time, advancing on changes in Maltese and EU tax regulations, and representing clients in tax audits and disputes. The importance of understanding one's full obligations and staying updated with tax law cannot be overemphasised, as failing to comply can result in penalties. We are here to take the headache out of keeping track, and we advise our clients when updates are needed.
In terms of corporate tax planning, the basic aspect is structuring the business to be tax efficient. This can include benefits from schemes such as corporate tax refund systems and leveraging Malta's double taxation treaties. Another important element is VAT Consultancy (link to the other page), where we provide our clients with full VAT regulation and compliance services, help with submitting periodic VAT returns, and provide advice about aspects such as VAT exemptions. Taxation must also be factored from the point of view of payroll tax and employer obligations such as social security contributions, payroll deductions, and reporting obligations to Maltese authorities. Firms also can benefit by harnessing corporate tax incentives. These are tax credits and incentives to businesses given under certain conditions such as tax deductions for R&D, start-up benefits, and reduced tax rates for specific industries (e.g., gaming, financial services).
Personal tax planning services are provided to residents and non-residents, and we assist expats in understanding Malta's tax systems. Expats can seek solutions that optimise their tax situation through schemes such as Global Residency Programme and Nomad Residency Permit.
Personal tax planning is an area that touches not only personal income tax rates and refunds but also pension income, tax benefits for families, and incentives for continuous education. Over and above all this, we assist individuals in planning wealth transfers with advice on inheritance tax planning under Malta law. This is particularly relevant to structuring family wealth in the context of estate and succession planning.
As an international tax advisor, Paulaina Said, Accounting and Tax Consultants, provides advice and handles various aspects, starting with optimising tax structures under Malta's tax regime, addressing double-taxation issues, and ensuring compliance with regulations.