28 October 2020

Economic Impact Assessment on Tax Challenges Arising from Digitalisation

On the 20th October 2020, the OECD hosted a webinar relating to tax challenges arising from the digitalisation of the economy as part of the BEPS inclusive framework.
20 October 2020

Malta Budget 2021 - Towards a Sustainable Economy

Overview of the budget Follow this link to download the highlights of the Malta Budget 2021 speech: rsm_budget_2021.pdf
30 September 2020

White Paper from the U.S. Government on Schrems-II Decision

In its effort to assist organisations assessing whether their transfers of personal data from the European Union (EU) to the United States (U.S.) offer an adequate level of protection in light of the recent challenges posed by the Schrems-II...


4 September 2020

Rent and Electricity Refund Scheme

The Rent and Electricity Refund Scheme (the ‘Scheme’) aims to help undertakings who are benefitting from the COVID Wage Supplement and listed under the NACE code categories - Annex A, B and C updated on 1st July 2020. The Scheme aims to support...
25 August 2020

Deadline to Apply to be a Fiscal Unit Extended

The deadline for applying for fiscal unity in respect of Year of Assessment 2020 as had originally been laid down in the Guidelines in relation to the Consolidated Group (Income Tax) Rules is
24 August 2020

Extended Tax Payment Deadline for Fiscal Units

The Commissioner for Revenue has notified that with effect for Year of Assessment 2020, where companies opt for a tax consolidation, the tax payment deadline for the fiscal unit shall be eighteen months following the end of the accounting period,...
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).
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’