News

COVID – 19 – Suspension of Legal Times under the Revenue Acts

The Government has by means of LN 135 of 2020 issued the Suspension of Legal Times (Revenue Acts) Order, by virtue of which any legal time referred to below has been suspended with effect from the date on which this Order comes into force. This applies to all legal...

Launch of the COVID-19 Guarantee Scheme (CGS) by the Malta Development Bank (MDB)

On the 3rd of April 2020 a scheme providing guarantees to commercial banks has been launched by the MDB to enhance access to bank financing to businesses facing liquidity issues due to the Covid-19 outbreak. The CGS has been approved by the European Commission...

Notice to Employers – COVID Wage Supplement: Payroll Implications

The Commissioner for Revenue has on the 4th April 2020 issued a notice to all employers who will be receiving a wage supplement from the Government to support the wages of their employees.  The notice clarifies that the supplement is taxable in the hands of...
Revised Tax Refund Claim Application Form

Revised Tax Refund Claim Application Form

A revised refund claim application form relative to refunds claimed in terms of Article 48(4) and 48(4A) of the Income Tax Management Act, will be circulated shortly. Such revised application form will be the only valid application accepted as from 1 June...

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CFR Notice – Disclosure of Beneficial Owners

CFR Notice – Disclosure of Beneficial Owners

Further to the changes relative to the beneficial ownership register brought about by the 5th AML Directive), transposed into Maltese legislation by means of Legal Notice 26 of 2020 (Prevention of Money Laundering and Funding of Terrorism (Amendment) Regulations,...

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Amendments to the Commissioner for Revenue Act

Amendments to the Commissioner for Revenue Act

A document that is certified by the Commissioner, or by a person authorised by him for this purpose, as being a true reproduction of an electronic copy, prepared by or under the authority of the Commissioner, that was furnished to or issued by the Commissioner, will...

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COVID-19 – Social Measures

COVID-19 – Social Measures

Further information in relation to Additional Unemployment Benefits, Parent Benefits and Persons with Disability Benefits, which have been announced by the Government last week, are now available on the website of the Social Security.  The social measures announced so...

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