By means of LN 228 of 2017, entitled ‘Voluntary Occupational Pension Scheme Rules’, the Malta Government has launched a number of tax incentives for contributions paid to qualifying schemes established in the context of an employment relationship for the purpose of...
The Government has yesterday introduced a new financial aid package as well as other measures intended to alleviate the burden which businesses and employees are currently facing because of COVID-19. Earlier on this week, the Government had already...
The Financial Action Task Force (FATF), also known as the Global Anti-Money Laundering watchdog, updates its list of high-risk and other monitored jurisdictions which are considered to have weak AML-CFT regimes. This is done three times a year (February, June and...
Money laundering is a global issue that has the potential to undermine the integrity of any business, as well as the financial sector as a whole. Since many years, the EU has taken part in drawing up international AML legislative framework and standards to lead the...
The Court of Justice of the European Union (CJEU) has on the 27th February 2020 decided the above-mentioned case which concerns the transfers of tax losses between different EU member states. Aures Holdings, a company incorporated, effectively managed and tax...
The Coronavirus Covid-19 is creating economic disruption of which the impact is expected to be durable even in the second half of the year. After the 2008 recession, this virus has been declared as the greatest danger leading to a global recession. Although the...
January 2020 marked the transposition of the 5th AML Directive (Anti-money Laundering Directive). After the implementation of the 4th AML Directive, the European Union faced new challenges mostly due to the innovative trading methods such as virtual...