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...
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...
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...
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...
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...
The Office of the CfR has announced an extension to the deadline for the submission of the report containing Financial Account information relating to Reporting Year 2019. The provisions of Section 12.1.1 of the Implementing Guidelines on Automatic Exchange of Financial Account Information [Version 2], which...
The Malta Business Registry has announced that if a company is effected by the COVID-19 situation and the filing of the annual return and/or financial statements falls within the period of 23.03.2020 and 31.05.2020, no late-filing penalty will be imposed, provided that the said annual return/financial statements are...
The Malta Gaming Authority has announced that the deadline for submission of audited financial statements has been extended to the end of October 2020 for licensees whose last concluded financial year ended, or ends, between December 2019 and March 2020. Nevertheless, licensees are required to submit...
This week’s edition of the CFE Tax Top 5 looks at the following: EU Approves Temporary State Aid Framework; ECOFIN Meeting Conducted by Teleconference; OECD COVID-19 Tax Policy Response Recommendations; EU Plans to Introduce AML Regulation; Global Forum Holds First Peer Review Meeting. Download the full...
