Following the publication of Legal Notice 231 of 2023 last October, a reduced VAT rate of 12% became applicable in relation to the hiring of pleasure yachts, effective 1 January 2024. The Malta Tax and Customs Administration (MTCA) has recently issued comprehensive guidelines in this regard in order for stakeholders to better understand the implementation...
At the recent International Bar Association’s 12th European Corporate and Private M&A Conference, David Zahra & Associates gained valuable insights into the evolving dynamics of the global M&A market, which is expected to show improvement in 2024 compared to the previous year. The conference, held in Paris between 7 and 9 February 2024, highlighted a...
European Securities and Markets Authority (‘ESMA’) issued a warning for people posting investment recommendations on social media in an effort to raise awareness of the requirements established by MAR which apply when posting investment recommendations on social media and to also warn about the risks of market manipulation in such publications. All market participants are...
The Malta Financial Services Authority (‘MFSA’) has initiated a survey to evaluate stakeholders’ experiences and perspectives regarding the disclosure and reporting obligations stemming from the European Union Sustainability Disclosures and Reporting framework. This survey encompasses various legislative documents, including the EU Taxonomy Regulation, Sustainable Finance Disclosure Regulation, Non-Financial Reporting Directive, Corporate Sustainability Reporting Directive, EU...
The Malta Financial Services Authority (‘MFSA’) issued a circular explaining the various amendments made to the Investment Services Rulebooks. In tandem with these amendments new rules have also been incorporated, most notably in relation to Subordinated Loan Agreements (‘SLAs’) falling under MiFID Part BI. This comes as a result of the requirement for license holders...
The Malta Financial Services Authority (“MFSA”) recently announced some changes to the Rulebook for Company Service Providers (the “Rulebook”), which came into effect on 23rd January 2024. These modifications are primarily concerned with the regulatory submission process for licensed Company Service Providers (“CSPs”). Notably, these changes will have implications for submissions due in 2024 and...
These regulations provide eligible insurance entities to apply an alternative accounting framework to the International Financial Reporting Standards adopted at EU level. MFSA have issued a circular in this regard – https://www.mfsa.mt/publication/circular-on-the-newly-published-accountancy-profession-general-accounting-principles-in-respect-of-certain-eligible-entities-regulations-2023-legal-notice-299-of-2023-gapee/
A provisional agreement has been reached at EU level, on a new law that will improve the working conditions of platform workers. The Platform Work Directive will ensure correct classification of the employment status of people performing platform work. Moreover, it will be the first set of EU-rules that regulate the use of algorithmic management...
Identità Malta has introduced a new initiative, the Specialist Employee Initiative. The aim of this initiative is to accelerate the application process for highly skilled third-country nationals. Applications filed under this scheme are to be processed within fifteen (15) working days. In order to qualify under this initiative, one must satisfy the following criteria: Minimum...
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Designed and developed by Blonde and Giant
© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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