19.07.2018

Corporate

The impact of the Fifth Anti-Money Laundering Directive

The 5th Anti-Money laundering directive has been adopted and entered into force on 9 July 2018 and should be fully implemented into national law by the various Member States into their national legislation by 10 January 2020

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10.04.2018

Corporate

The Benefits of the new GDPR

Malta’s new General Data Protection Regulation (GDPR) will come into effect on 25 May 2018, and when it does it will replace the old Data Protection Directive (DPD). With the new GDPR regulations,

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21.03.2018

Corporate

Resolutions on Libya and Related Measures

The illicit exploitation of Libya’s natural resources has been explicitly condemned by the United Nations Security Council (UNSC)...

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14.03.2018

Corporate

Corporate Tax Avoidance

The Council of the EU has just reached an agreement to work on a directive intended to tackle cross-border tax planning. This agreement was reached on 13 March 2018 at a meeting of the Economic and Financial Affairs Council. The fundamental idea of the directive is to pre-empt tax planning schemes detrimental to the interests of the EU’s member states before they are actually implemented.

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14.03.2018

Amendments to the EU’s List of Non-Cooperative Jurisdictions in Matters of Taxation

On 13 March 2018, the Council of the EU published its latest amendments to its list of non-cooperative jurisdictions in matters of taxation. Changes include the removal of Bahrain, the Marshall Islands and Saint Lucia, and the addition of the Bahamas, Saint Kitts and Nevis, and the US Virgin Islands.

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07.03.2018

Capital Markets

AML and GDPR compliance in the financial services industry

The Fourth Anti-Money Laundering Directive has been transposed into Maltese law by virtue of amendments to the Prevention of Money Laundering Act, the enactment of new regulations under said act, and through the publication of various regulations intended to set up beneficial ownership registers for companies, trusts, associations, foundations and other legal entities.

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04.01.2018

Commission welcomes the entry into force of new rules to prevent tax evasion and money laundering

The Commission has welcomed the entry into force of new rules obliging Member States to give tax authorities access to data collected under anti-money laundering legislation.

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25.07.2016

Corporate

Cyprus and India: tax treaties

India and Cyprus have completed negotiations on the bilateral tax treaty, providing for source-based taxation of capital gains on share sale.

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09.03.2016

Corporate

Fair Taxation: Commission presents new measures against corporate tax avoidance

Today's proposals aim for a coordinated EU wide response to corporate tax avoidance, following global standards developed by the OECD last autumn.

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02.03.2016

Corporate

Malta’s financial services sector GDP almost doubles post-crisis - February 2013

Malta has seen direct economic contribution by its Financial Services sector nearly double in the five year period ending in December 2012.

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