Shipping Law Review – 7th Edition
The 7th edition of The Shipping Law Review was published and GMX contributed as authors of the Malta chapter. You may access the Malta chapter through the link here or the full publication here.
Read MoreThe Creation of Cell Companies by Companies carrying on or engaged in Shipping or Aviation Business
By virtue of Legal Notice 248 of 2020, new regulations were issued under the Companies Act entitled Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”). These Regulations were introduced to complement the recently introduced enabling provision under article 84E of the Companies Act (Chapter 386 of the Laws of Malta) (the “Companies Act”)….
Read MoreMalta’s Covid-19 Economic Regeneration Plan
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 MoreOnline Application for the Registration of a Fiscal Unit
The 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 MoreIP infringement or breach of contract?
There 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 shock waves to the shipping industry
The 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
COVID-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
FIAU Proposes Amendments to the Implementing Procedures
Read MoreExtension of deadline for the registration on the STR Submission System – goAML
On 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 MoreTax Returns for Companies Year of Assessment 2020
On 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…
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