The covid 19 pandemic has been with us for over two years now and it has impacted the global economy significantly. However, not all sectors of the economy were hit equally. In this article, we will have a look at which sectors within the Maltese economy were worst hit by the pandemic and those which...
The Government of Malta has recently published Bill No. 233 which proposes a number of amendments to the Companies Act (Chapter 386 of the Laws of Malta).  The amendments primarily relate to clarifying the qualifications for persons to act as directors of Maltese companies (including specifically inserting as a disqualification the lack of a company...
In 2020 the Maltese government issued 2.23 million, €20 vouchers. Out of these 2.23 million vouchers, 1.784million vouchers were to be spent on hotels and restaurants (80%) and 0.446 million vouchers to be spent on retailer shops (20%). Assuming that by the end of 2020, redemption rate was 90% (by 14th October, 81.2% of vouchers...
The Office of the CfR has announced an update to the upcoming reporting deadlines which previously fell on a weekend. The updated deadlines are: 1 February 2021 – deadline for filing information where the trigger point for reporting took place between 1 July 2020 and 31 December 2020. 1 March 2021– deadline for filing information in...
On November 17, the Commissioner for Revenue published the DAC6 XML Schema and the DAC6 XML Schema User Guide, which shall be used by taxpayers and intermediaries for filing information in relation to reportable cross-border arrangements. This obligation stems from the Council Directive (EU) 2018/822 (‘DAC6’) , which was implemented into the Maltese legislation by the virtue...