The COVID Wage Supplement implemented by the Government of Malta in response to the COVID-19 pandemic, originally intended to ver the months of March and April, has been renewed for a further two months that is to cover May and June. This measure is intended to ease the effects of the pandemic on businesses and...
The 4th Anti-Money Laundering Directive, as implemented by the FIAU Implement Procedures, made it a mandatory requirement for the Malta Business Registry to establish a beneficial ownership registry. Every Maltese company and any other commercial partnership is obliged to disclose the details of the natural person/s considered to be a Beneficial Owner by submitting a...
David Zahra will be joining speakers from all over Europe during AIJA‘s virtual gathering with its Italian speaking members, colleagues and friends on Tuesday 28 April, from 12:00 to 13:00 CET on Zoom. Themed ‘Il panorama post coronavirus: tra restrizioni agli investimenti stranieri, nuove prospettive di business e contenzioso’, the gathering is organised and moderated by Francesca...
Licensed credit and financial institutions have been directed to offer a six-month moratorium on repayments on capital and interest for borrowers. The conditions are as follows: Any credit facilities sanctioned prior to 1 March 2020 and the applicant must show that he has been negatively affected by the pandemic. Applicants in arrears prior to 1...
In wake of the heavy financial burden placed throughout by COVID-19, the Malta Development Bank has brought into effect the MDB COVID-19 Guarantee Scheme (CGS) which forms part of the of Government’s COVID19 Response Support Programme. The Government is providing financial assistance in the form of a guarantee fund to the tune of €350 million which will...
The Superintendent of Public Health has ordered persons who: (i) suffer from diabetes and is dependent on insulin; (ii) are on biological medicines; (iii) had cancer in previous six months; (iv) are immuno-suppressed; (v) are undergoing renal dialysis; (vi) are pregnant; or (vii) were admitted to hospital for some respiratory disease over the previous six...
Applications for COVID Wage Supplements have now been made available online and the lists of enterprises who are entitled to the COVID Wage Supplements have been updated further. The applications have clarified various matters including the following: • Employees received a wage supplement cannot be made redundant by their employer. • The provision of wage...
The Superintendent of Public Health has ordered persons who: (i) suffer from diabetes and is dependent on insulin; (ii) are on biological medicines; (iii) had cancer in previous six months; (iv) The Government have reacted to the COVID-19 pandemic and have introduced the following measures in order to try and ease the effects of such...
In light of the COVID-19 pandemic, the Malta Business Registry (MBR) has issued measures in relation to the imposition of penalties on late submissions. The MBR has issued a notice in relation to the submission of annual returns and financial statements. If possible annual returns and financial statements are to be submitted on time (electronic...
In light of recent developments in Malta connected to the COVID-19 pandemic, our offices are closed for the public with effect from 11 March 2020 and until further notice. The firm is ensuring that its work place is a safe one with all appropriate health and safety measures put into place. Where possible, our staff...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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