22 March 2021

Applications for authorisations of CSPs now open

The Malta Financial Services Authority has started to receive applications in terms of the Company Service Providers Act for authorisations of CSPs. The new regime has brought about changes to the regulatory framework of CSPs.
22 March 2021

VAT Recapitulative Statement

The Recapitulative statement, colloquially known as a “Recap Statement”, is a VAT obligation which relates to intra-Community supplies of goods or services by Maltese suppliers to EU based businesses which have a valid VAT registration number.
9 March 2021

MFSA Released a Circular about Software-as-a-Service as an Outsourcing Arrangement

In its continued work to increase awareness about ICT matters, the MFSA has issued a circular titled ‘Software-as-a-Service as an Outsourcing Arrangement’ as more financial institutions are starting to adopt cloud solutions across different areas...

Twitter

5 March 2021

Benefit of Tax Exemption for Voluntary Organisations Extended

By means of Legal Notice 39 of 2021, with effect from year of assessment 2022, a voluntary organisation shall be exempt from tax if its turnover for a given year does not exceed €50,000. This amount was previously capped at €10,000.
5 February 2021

Deadline for tax return by a principal taxpayer extended

The Commissioner for Revenue has announced an extension in the deadline for a principal taxpayer to file an electronic income tax return in respect of a fiscal unit for Year of Assessment 2020. The deadline of 28 February 2021 has now been extended...
4 February 2021

Publication of Guidelines for DAC 6

The Commissioner for Revenue has published its “Guidelines on the Mandatory Automatic Exchange of Information in relation to Cross-Border Arrangements” and DAC6 XML Schema User Guide.
graphic with title of the article
2 February 2021

A Background into the Malta Tourism Strategy 2021-2030

Between 2010 and 2019, Malta witnessed ten years of high growth in the tourism sector. In 2019, 2.75 million tourists visited the Maltese islands.  This growth, however, was abruptly halted when COVID-19 was declared a global pandemic.
1 February 2021

ESEF Reporting Postponed by a Year

The Listing Authority has approved the postponement by one year of the requirement for issuers to prepare their annual financial reports in a single electronic reporting format. Issuers shall now prepare their financial statements in European Single...
28 January 2021

Happy Data Protection/Privacy Day!

Data Protection/Privacy Day is celebrated each year on January 28. If you are also celebrating this day, you are on the right track. Securing personal information is of paramount importance and dedicating a day to it every year is a great start. In...

Pages