On the 8th of June the Maltese Government announced a plan implementing measures aimed at regenerating the economy following the COVID-19 pandemic. The measures are largely intended to increase public spending and to decrease costs of businesses. The following are some of the most important measures adopted. Reduction of tax on property For transfers of…
Read MoreThe Commissioner for Revenue published the Online Application for the Registration of a Fiscal Unit in terms of the Consolidated Group (Income Tax) Rules which is available as from 18 May 2020 on the income tax portal of the Commissioner for Revenue. The Commissioner for Revenue has also published guidelines on the registration process. These…
Read MoreThere is no quibbling when it comes to applying IP enforcement measures The Directive on the enforcement of intellectual property (IP) rights (Directive 2004/48) (“the IP Enforcement Directive”) lays down a number of enforcement measures, procedures and remedies which the Member States of the European Union (EU) must make available to intellectual property (IP) right-holders…
Read MoreThe COVID-19 pandemic has created an unprecedented crisis practically grinding the world’s economies to a halt and which in turn impacted the backbone of the world trade, the maritime industry. The impact on maritime business is wide-ranging. Lars Jensen, CEO of the Copenhagen-based provider of container shipping analysis SeaIntelligence Consulting estimated that 17 million TEU…
Read MoreCOVID-19 – Tax deferral fiscal aid scheme The Maltese Government has introduced various measures in order to assist the stability of the Maltese economy due to the economic downturn resulting from the COVID-19 pandemic. The Tax Deferral Scheme is one of such fiscal measures. Primarily aimed at boosting business liquidity by relaxing pressure on the…
Read MoreFIAU Proposes Amendments to the Implementing Procedures
Read MoreOn 29 April 2020, theFinancial Intelligence Analysis Unit (FIAU)issued a notice to Subject Persons for the extension of deadline for the registration on the STR Submission System – goAML. Further to the previous notice issued by the FIAU on the 24th April 2020 related to the registration on the new STR Submission system (goAML), the…
Read MoreOn 28 April 2020, the Malta Business Registry issued a reminder notice to Subject Persons in relation to the Register of Beneficial Owners. By virtue of Legal Notice 158 of 2019 the Companies Act (Register of Beneficial Owners) Regulations (“the Regulations”) were amended on 12th July 2019. The amendments to the Regulations transpose certain provisions…
Read MoreOn 28 April 2020, the Malta Business Registry issued a reminder notice to Subject Persons in relation to the Register of Beneficial Owners. By virtue of Legal Notice 158 of 2019 the Companies Act (Register of Beneficial Owners) Regulations (“the Regulations”) were amended on 12th July 2019. The amendments to the Regulations transpose certain provisions…
Read MoreThe Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of the Regions – Towards a comprehensive European Investment Policy (Brussels 7.7.2010 COM (2010)343 final) outlines the first steps of the European Union to establish an investment policy, following the Lisbon Treaty through which investment…
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