Suspension of Legal and Judicial Times

The General Provisions applying to the Suspension of Legal and Judicial Times Regulations (LN 141 of 2020) were published on 9 April 2020. Following the publication of the Closure of the Courts of Justice Order, these regulations suspend the running of any time periods specified under any substantive or...

Amendment to the Eco-Contribution Act

The Eco-Contribution Act has been revised by Act XIV of 2020 published on 3 April 2020. Act XIV introduces the following: an enabling provision allowing for the enactment of regulations for the remission of administrative penalties; an amendment to the enforcement powers of the Commission for...

CFE Tax Top 5 (6 April 2020)

This week's edition of the CFE Tax op 5 looks at the following: OECD Issues Guidance on Cross-Border Tax Issues Raised by COVID-19; Luxembourg to Limit Deductibility of Interest & Royalties for EU Blacklisted Jurisdictions; Platform for Collaboration on Tax Create Website to Assist Developing...

Suspension of legal times under the Tax Acts

The Suspension of Legal Times (Revenue Acts) Order, 2020 (LN 135 of 2020) was published on 3rd April 2020. The legislation provides for the suspension of time-limits and deadlines arising under the relevant tax legislation in connection with the rights and obligations of the revenue authorities...

Covid-19 wage supplement: SSC and FSS

The Office of the CfR has published guidance on the implications of the wage supplement on Payroll and SSC reporting. Payroll In summary, the guidance clarifies that: The wage supplement (€800 or less according to eligibility) will replace the normal wages of the employee and is therefore taxable...

MBR update: COVID-19

The Malta Business Registry has announced the following measures: the processing of documents submitted in paper format will commence on the first working day after 72 hours from receipt of such document submissions can be made online via  https://registry.mbr.mt/ROC/ on-site inspections will be held through digital...

FIAU issues consultation document

On 1 April 2020, the Financial Intelligence Analysis Unit (“FIAU”) published a consultation document containing proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) which seek to address technical compliance shortcomings that were identified by MONEYVAL Assessors during the 5th...

CFE Tax Top 5 (30 March 2020)

This week's edition of the CFE Tax Top 5 looks at the following: Joint Statement of European Council on EU Enlargement & EU COVID Response; EU Commission Publishes Customs Union Roadmap; OECD’s COVID-19 Taxation Measures Toolkit; BEPS Action 6 Peer Review Report on Preventing Treaty...

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