On the 27th August 2020, Malta Enterprise has launched the Electricity Bill Refund Scheme whereby businesses eligible for the Wage Supplement Scheme can now benefit from an assistance of 50% of the electrical power bills for the months of July, August and September...
The Commissioner for Revenue has notified that the tax payment deadline of eighteen months following the end of the accounting period, applicable to companies in possession of a determination under the relevant paragraphs of Article 47 of the Duty on Documents and...
The Commissioner for Revenue has notified that the deadline for applying for fiscal unity in respect of Year of Assessment 2020 is being extended from 31 August 2020 [as communicated in the Guidelines in relation to the Consolidated Group (Income Tax) Rules] to 30...
The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules and the Covid19 Wage Supplement. The revised forms can be downloaded from here. Guidance on the rules and changes can be downloaded...
FDI contributes to the EU’s growth by enhancing its competitiveness, creating jobs and economies of scale, bringing in capital, technologies, innovation, expertise, and by opening new markets for the EU’s exports. The EU has thus felt the need to address and...
Introduced by means of Legal Notice 258 of 2020, such rules apply to income derived on or after 1st January 2020 from a private residential lease. Such lease must be of a duration of at least 2 years and is registered with the Housing Authority as a long private...
By virtue of Legal Notice 247 of 2020, the Maltese Government has amended the rules relating to the register of beneficial owners. The main amendments are as follows: All companies registered in Malta, must on each anniversary of their registration, make a...