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...
Earlier this year it was announced that the tax treaty between Malta and Russia will be amended. On the 10th of November by the means of the legal notice 428 of 2020 three major changes have been introduced the  amendments to   the   convention   between   the government of Malta and the government of the Russian  Federation ...
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...