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Moody’s affirms A2 rating for Malta with swift FATF greylist exit

Credit rating agency Moody’s has affirmed Malta’s long-term ratings at A2, changing its outlook from negative to stable. Moody’s said Malta's swift exit from the FATF greylist reflected a firm and steady commitment from the local authorities to comply with international standards and enhance the country’s...

Eurozone inflation still at record high in October

Inflation in the eurozone was slightly lower in October than previously reported on a year-on-year basis. However, it is still at a record high because of surging energy prices, final data from Eurostat showed on Thursday. The annual inflation rate came in at 10.6 percent, up...

CfR Notice: CESOP WORKSHOP – 23 September

CESOP WORKSHOP - 23 September   Notice for Payment Service Providers   The Office of the Commissioner for Revenue would like to notify all Payment Service Providers who may be affected by the new requirements coming into force on 1st January 2024 pursuant to the entry into force of the...

CfR Notice: AEOI Questionnaire

The Commissioner for Revenue is notifying that it has launched a fact-finding questionnaire to better understand how the Common Reporting Standard (‘CRS’) and the Foreign Account Tax Compliance Act (‘FATCA’) are being implemented in practice. The aim of this questionnaire is to assist the Commissioner...

MBR Notice: Publications by end of September

As you are well aware at the end of September, the MBR and your good selves will be under a lot of pressure to issue the 3-month notices on our portal or newspaper in order to be able to have transactions finalized by the end of...

CfR Notice: Fiscal Unit Tax Payment Deadline

The Commissioner for Revenue is notifying 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 Transfers Act (DDTA...

New Council for 2022/23 elected during AGM

President and officers continue for a second term   During the 2022 AGM held on 27 July, members elected 16 members to Council for 2022/23. Council members are: Robert Attard, Stephen Attard, Juanita Bencini, Rosanne Bonnici, Etienne Borg Cardona, Juanita Brockdorff, Nick Captur, Chris Curmi, Neville Gatt,...

2022 IFSP AGM approves updated Charter

IFSP Statute updated to match current needs   During the 2022 IFSP AGM held on 27 July 2022, members approved a new, updated Charter of the IFSP with 33 votes in favour and none against. The text is available on the IFSP website. While many of the changes...

Government-appointed committee aims to reduce bureaucracy for businesses

Committee will set up a credit review office and harmonise due diligence systems   The Cabinet has approved the formation of a steering committee that will oversee the implementation of budget measures aimed at reducing bureaucracy for businesses, Economy Minister Silvio Schembri said on Wednesday. Schembri was speaking...

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