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 [...]
On the 31st May 2019 by virtue of Legal Notice 110 of 2019, Malta has introduced rules to facilitate income tax computations and the reporting of group companies, by opting to elect to form one single fiscal unit. Unlike the provisions tackling VAT Grouping, which are solely applicable to the [...]
We are extremely delighted to announce that CS Fintech Services Ltd has officially been granted a VFA Agent Licence in Malta. We are now one of the first VFA Agents to be listed with the Financial Services Register, ready to service international clients in becoming licensed in a regulated environment. [...]
What is Micro Invest? Micro Invest is a scheme made effective as from 1st January 2014 by the Malta Enterprise which shall remain available until 31st December 2020. Under this scheme, businesses are encouraged to further invest, expand and develop their operations. With Micro Invest Schemes, eligible entities will benefit [...]
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