Registered unemployment has been on the decline for 2 consecutive months. In view of this, Kurt Muscat, Senior – Executive Advisory Services at EMCS states, “government’s efforts to reduce unemployment seem to be having a positive effect, however, this is not occurring evenly between all age groups. Furthermore, one needs to keep a close eye...
On the 14th of August the government of Malta and Russia reached an agreement in negotiating new terms of the double taxation treaty (“DTT”), which was originally signed in 2013. According to these amendments the withholding tax rate for interest and dividend payments have been increased to 15% (instead of 5%). This rule will not...
On July 16, 2020 Malta and Switzerland signed a protocol amending the existing agreement for the avoidance of double taxation with respect to taxes on income (DTA). This protocol drafted to include the OECD standards and recommendations in terms of the Base Erosion and Profit Shifting (BEPS) action plan. The following provisions of the agreement...
The number of persons registering for work during the month of May increased by 2,740 persons when compared to the corresponding month in 2019. When compared to April 2020, unemployment in May increased by 11%. The number of unemployed persons in May stood at 4,409 compared to 3,979 people one month earlier when unemployment was...
In April, the number of persons registering for work increased by 2,231 persons when compared to the corresponding month in 2019. When compared to March 2020, unemployment in April increased by 87%. The number of unemployed persons in April stood at 3,979 compared to 2,125 people one month earlier when unemployment was already on the...