The Office of the Commissioner for Revenue has informed the IFSP that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit is...
The Office of the Commissioner for Revenue has informed the IFSP that, due to the continued exceptional circumstances brought about by the COVID-19 pandemic that have created a challenging environment, an extension for the submission of the report containing Financial Account information relating to Reporting...
Fight against money laundering 'not a sprint but a marathon' For years, the Financial Intelligence Analysis Unit (FIAU) was rendered toothless. It suffered from a lack of sufficient resources, a weak political direction to prevent financial crime and little interest on the part of the police...
Nexia BT's alleged wrongdoings cast 'heavy shadow' Nexia BT partners alleged financial crime has turned accountancy into an “inferior grade” profession in the eyes of many, the president of the Malta Institute of Accountants (MIA) told its members. Writing to more than 3,500 accountants in Malta, Fabio Axisa...
From Tuesday, the Malta Financial Services Authority (MFSA) is receiving applications for authorisation in terms of the Company Services Providers (CSP) Act. This applies to individuals and entities providing corporate services such as, the provision of directorships, company secretarial services, registered offices or incorporations, who...
The MFSA last night, 15 March 2021, published the new Company Service Providers (CSP) Rulebook, which translates the updated CSP Act into a workable regulatory framework. CSPs requiring authorisation will be able to submit their applications to the Authority through the MFSA’s LH Portal between 16...
The IFSP annual conference tackles the choices Malta faces and what they mean for both the financial services industry and the country as a whole The Institute of Financial Services Practitioners held its 2021 annual conference online on 4 and 5 March. A total of 220...
We have the pleasure to inform you that the Public Consultation on the Taxpayers’ Rights is now online and you will be able to find it via this link: https://ec.europa.eu/eusurvey/runner/TaxpayersRightsRecommendation We kindly ask you to give it a large distribution among your peers, member organisations and individuals,...
Your attention is being drawn to the email sent by the FATF Secretariat in relation to a Trade-Based Money Laundering seminar which will be held on the 18 March 2021. Both the public and private sector are invited to attend. For those who are unfamiliar with...
The 2021 IFSP Conference drew to a close today, 5 March 2021, after carrying on the overall conference theme of Malta at the crossroads. Hon Dr Mario De Marco, Opposition Spokesperson for Finance, addressed participants on the way forward for financial services in Malta. While praising...