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MBB and IFSP Agree to Cooperate on EU issues

The Malta Business Bureau (MBB), the EU-advisory and support office of The Malta Chamber and the MHRA, and the Malta Institute of Financial Services Practitioners (IFSP) have agreed to cooperate together to be of better support for the Maltese private sector both in Malta and...

Five-year strategy for Malta Business Registry unveiled

The Malta Business Registry has unveiled its strategic plan for the next five years, focusing on addressing “critical performance issues”. Unveiling the plan on Wednesday, Economy Minister Silvio Schembri said the strategy seeks to enhance efficiency, lessen bureaucratic procedure and safeguard the reputation of Malta’s jurisdiction...

Regulatory coordination essential for Malta’s reputation

OECD’s Malta peer review on tax information sharing highlights problems with reporting of data as reason for downgrade. The IFSP duly notes the outcome of the Global Forum on Transparency and Exchange of Information for Tax Purposes: Malta 2020 (Second Round) Peer Review Report (‘the Report’)...

IFSP establishes a Directors’ Working Group

Increasing regulation leads Institute of Financial Services Practitioners to provide support to a specific niche of members and practitioners.   Independent directors provide an essential and important service to companies established or resident in Malta, be they international or domestic. Good corporate governance requires the board-level oversight...

ATAD Guidelines published

The Office of the Commissioner for Revenue has published Guidelines in relation to the Anti-Tax Avoidance Directives Implementation Regulations (ATAD) on Monday, 31 August 2020. The Guidelines may be downloaded via this link; should you wish to see the notice of publication, please use this link....

Malta, Luxembourg Agree To Russian DTA Changes

The Russian Government has disclosed that both Luxembourg and Malta have agreed to change their double tax agreement with Russia to increase withholding tax rates on cross-border dividends and interest income. The announcement follows the Russian Government's decision to terminate its double tax agreement with Cyprus...

Malta allocated €243.6m in EU loans through unemployment aid scheme

Malta has been allocated €243.6 million in loans given by the EU through the temporary Support to mitigate Unemployment Risks in an Emergency (SURE) initiative. In a statement, the Finance Ministry highlighted that Malta is among the first tranche of countries to be allocated funds through...

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