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...

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],...

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 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...

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...

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...

The MFSA has announced that, in acknowledgement of the impact of COVID-19 on operators in the financial services sector, it shall be accepting a delay in compliance with March and April reporting deadlines for certain submissions/publications by specified operators. Click here to view the circular issued...