A number of measures have been announced to counteract the negative economic impact of the COVID-19 pandemic. These measures have a value of around €1.8bn, which represents around 12.9% of Malta’s Gross Domestic Product (GDP) in 2019. A summary of the announced measures is set out below. Business and employment [...]
CSA Group would like to inform our esteemed clientele that in view of the COVID-19 situation, we shall be implementing the following new measures. The health and safety of our employees and customers remains our top priority and as such until further notice, no meetings with third parties will be [...]
The COVID-19 pandemic has taken the world by storm. The likely consequences on the Maltese economy cannot be overlooked and amongst the sectors particularly at risk are the hospitality and related industries most directly impacted by shifts in tourism. To date, two of Malta’s leading banks have launched programmes to [...]
DAC6 was implemented into Maltese law on 17 December 2019 through Legal Notice 342 of 2019. DAC 6 can trace its roots back to the OECD 2015 Action 12 Final Report, which provided a set of recommendations for the design of mandatory disclosure rules (MDR). Transparency is one of the [...]
As part of the newly introduced rent reform, some lease contracts will need to be registered. As from 1st January 2020 lease contracts for a primary residential purpose must be registered by the owner with the Housing Authority within ten (10) days from the commencement of the lease. The lease [...]
Economic Highlights The Maltese economy has grown by 4.7% in the first six months of 2019 (three times more than the EU average) The size of the economy doubled to €14billion in 7years. A fiscal surplus of 1.4% is forecasted for 2020 Inflation is expected to be at 1.6 per [...]
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