RSM Malta
24 July 2020

The Merchant Shipping Act Updates Through L.N. 31 of 2020

On 21st February 2020, the Merchant Shipping (Shipping Organisations - Private Companies) Regulations (S.L. 234.42 of the Laws of Malta) (hereinafter referred to as “the Regulations”) have been amended by Legal Notice 31 of 2020.   Audited financial...
23 July 2020

Schrems-II Case: ECJ Invalidates EU-US Privacy Shield and Upholds Standard Contractual Clauses

Following the judgment of the case C-311/18 ‘Data Protection Commissioner v Facebook Ireland and Maximillian Schrems’, the European Court of Justice invalidated the EU-US Privacy Shield negotiated between the EU Commission and the USA for the...
17 July 2020

MGA Directive regarding the Prevention of Money Laundering and the Funding of Terrorism

The Malta Gaming Authority has issued a Directive on the Key Function of the Prevention of Money laundering and the Financing of Terrorism (Directive 3 of 2020).

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17 July 2020

Guidance Document on The Funding of Terrorism

The Financial Intelligence Analysis Unit (“FIAU”) has today published a Guidance Document on Funding of Terrorism, which builds upon and incorporates the 2018 ‘Guidance Note on Funding of Terrorism – Red Flags and Suspicious Activities’
16 July 2020

DAC 6 - Reporting deadlines extended

EU Council Directive 2018/822/EU issued on the 25th of May 2018 covering the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements, referred to as  “DAC 6”, requires intermediaries...
3 July 2020

FIAU and MGA publish Implementing Procedures Part II for the Remote Gaming Sector

The Financial Intelligence Analysis Unit in collaboration with the Malta Gaming Authority have published revised Part II of their Implementing Procedures for the Remote Gaming Sector.
25 June 2020

The COVID-19 R&D Fund

The COVID-19 R&D Fund
24 June 2020

Navigating the Post Covid-19 Environment and Mitigating Risks

Navigating the Post Covid-19 Environment and Mitigating Risks
12 June 2020

Amendment to IFRS 16 for COVID-19 related rent concessions

The COVID-19 pandemic has led many businesses to negotiate for lease deductions. In light of these circumstances, the International Accounting Standards Board has issued an amendment to IFRS 16 Leases to assist lessees in accounting for COVID-19...
8 June 2020

Malta Economic Regeneration Plan

On the 8th of June 2020, the Maltese Government has announced an economic regeneration plan aiming to boost Malta’s economy after the COVID-19 slowdown which can be categorised in three categories: Reduction of costs for businesses / Increasing...

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