CP assists Phoenix Payments in Landmark Constitutional Judgement
In a landmark judgement handed down by the First Hall, Civil Court, presided by the Hon. Justice Audrey Demicoli, earlier today the court found that the law granting the Financial Intelligence Analysis Unit (“FIAU”) the right to investigate and impose hefty administrative fines on subject persons as a result of certain regulatory breaches violate the …
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COVID-19 and back-to-school privacy concerns
The Government of Malta is, thus far, set on opening schools come September. The debate on appropriate safety protocols is ongoing, and questions on how best to deliver lessons abound. Online or in-class lessons, or a mix of both with part of a class at home and the other following from home? The implications on …
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Malta publishes legislation extending DAC 6 reporting deadlines
Malta has implemented the extended DAC 6 reporting deadlines, following the Commissioner for Revenue’s announcement back on the 2nd July 2020 to defer the first reporting deadlines arising as a result of the DAC 6 applicable legislation, namely, the Cooperation with other Jurisdictions on Tax Matters Regulations (SL 123.127).
A new vision for Europe’s capital markets: Final report on the Capital Markets Union published
On 10 June, 2020, the High-Level Forum (HLF) on the Capital Markets Union (CMU), an expert group set up by the European Commission composed of highly experienced industry executives and top international experts in the area of financial markets, issued its final report for the further development of the CMU, the policy initiative launched by the European …
COVID-19 Wage Supplement – Social Security Implications for Self-Employed Persons
The Commissioner for Revenue (“CfR”) has published a notice to self-employed persons, outlining the social security implications attached to the COVID-19 Wage Supplement.Social Security Implications for Self-Employed Person