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...

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...

OECD outlines tax measures to address COVID-19 situation

The OECD has outlined a number of measures that could be considered by Governments to support businesses in crisis as a result of the COVID-19 pandemic. These are not formal recommendations but suggestions made as part of a broader package of policy suggestions which include those...

Amendment to Subsidiary Legislation issued under the DDTA

LN 68 of 2020, the Adaptation of Subsidiary Legislation (Duty on Documents and Transfers Act) Order, 2020, which was published on 17 March 2020, is a 3-part Legal Notice amending subsidiary legislation enacted in termsof the Duty on Documents and Transfers Act. Part I: amendment to...

Budget Measures Implementation Act

Act VIII of 2020 - The Budget measures Implementation Act - was published on 20 March 2020, implementing the key measures announced in October 2019 in the Budget for 2020. The Act amends: Part II:The Customs Ordinance Part III:The Income tax Act Part IV:The Immovable Property (Acquisition by Non-Residents) Act Part...

Fiscal measures announced: addressing the economic impact of COVID-19

In a press conference held earlier today, the Prime Minister announced that a package of measures will be introduced to address the impact of COVID-19 on the economy. The first set of measures are intended to assist with managing cash-flow and will apply to the sectors most impacted...

Malta Business Registry front office closed until further notice

The Malta Business Registry has announced that, in view of the current situation, its offices will be closed to the public until further notice. They will however continue to provide services in accordance with the procedures set out below: Registration of documents through online services...

Adjusted Class 1 Social Security Rates

The Office of the Commissioner for Revenue has announced an adjustment to the contributions rates for the basis year 2020, specifically, to the basic salary threshold of category 'D' for those persons born up to 31 December 1961. The revised rates applicable as of 1 January 2020 for...