Changes will not affect interest gains paid on Eurobond loans, bond loans of Russian companies and loans extended by foreign banks, according to Russia's Finance Ministry. The Russian Ministry of Finance has notified finance ministries of Luxembourg and Malta about amendments to double taxation avoidance agreements...
On the 20th March, the Maltese Government announced a tax deferral scheme to assist local businesses to improve their business liquidity and ease pressures on their cash flow arising from the economic impact of the coronavirus pandemic. Furthermore, the measures aim to encourage the retention...
The European Commission issued an inception impact assessment on its action plan to fight tax evasion and simplify taxation. The information is also available on a PDF document. This is the first step in a roadmap which will lead to an upcoming strategy planned for...
“Malta was asking other member states to be cautious about going for a quick fix Digital Tax in view of the implications which are now becoming clearer, that as Europeans the impact on us could be serious and possibly ominous. This is because Europeans are...
IFSP working on fintech regulation, tax matters, AML and more The IFSP has been kept busy over 2018, a situation which looks set to continue through 2019. Through the IFSP Council and sub-committees, a wide range of issues each with a potential for profound impact on...
During the Eurogroup meeting, convened on the eve of the Economic and Financial Affairs Council (ECOFIN) in Brussels on the 19th and 20th February 2018, Minister for Finance Edward Scicluna stated that, “Malta supports the strengthening and the added roles for the European Stability Mechanism (ESM). There is no trade-off...
[embed]https://www.youtube.com/watch?v=li5rkqu57-Q[/embed] The French President’s proposals on internet giants operating in Europe are not in Malta’s interests, former Prime Minister Alfred Sant said. Speaking to France 24, Dr Sant said the proposals would lead to a harmonised tax system across Europe. “I disagree with Mr Macron’s solutions – including...
Minister for Finance Edward Scicluna announced the formation of a Joint Enforcement Task Force (JET) which will bolster the government’s efforts at combating the black economy. Speaking during a press conference, Minister Scicluna explained that through JET, the government will channel the resources and technical knowhow...