Artificial Intelligence
Artificial intelligence (AI) is set to transform global productivity and economic growth. By enhancing labour productivity and automating tasks, AI promises significant economic benefits. Research shows that AI will greatly impact product development, increasing variety, personalisation, and affordability, boosting consumer demand.
The most substantial economic gains will occur in regions like China and North America, significantly impacting their GDP. CLA Malta is at the forefront of this shift, actively integrating AI technologies to enhance productivity and innovation.
As AI continues to evolve, it offers immense opportunities for established and emerging markets. CLA Malta is committed to leveraging these advancements, ensuring that we are well-positioned to lead in this rapidly changing landscape and capitalise on AI’s transformative potential.
Did you know?
If a company derives income related to aviation is only resident but not incorporated in Malta, no Maltese tax is levied even if the aircraft is operated from Malta.
Accelerated rates of tax depreciation for added cash flow benefits.
A highly attractive VAT Scheme enabling reclaim of input VAT incurred.
If any income is subject to Maltese tax, the effective tax rate is generally lowered to 5%, being the lowest rate in Europe.
Fringe benefit exemptions.
Key Experts
