Amendments to the Guidelines regarding VAT treatment of Yacht Leasing

Amendments to the Guidelines regarding VAT treatment of Yacht Leasing
The Commissioner for Revenue has recently published an amended version of the Guidelines regarding the VAT treatment of Yacht Leasing in Malta. The most noticeable modification from the previous Guidelines relates to the determination of the use of the yacht within and outside EU territorial waters during the lease period. The previous Guidelines acknowledged the difficulty in trailing the movements of a pleasure yacht in order to determine the period the yacht spends within EU territorial waters, and therefore established the estimated percentage portion of the l...
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Sub-Letting of Commercial Tenements After 31st May 2018 – Let it Be!

Sub-Letting of Commercial Tenements After 31st May 2018 – Let it Be!
In terms of article 1531I of the Civil Code, as introduced by the amendments to the rent laws in 2009, a lease of commercial premises made before the 1st June 1995 shall terminate on 31st May 2028, unless a specific period has been stipulated in a contract and subject to the other specific provisions contained in this provision as may be applicable in a given case.In the case of sub-letting of commercial tenements made before the 1st June 1995, these shall terminate on 31st May 2018. This cut-off date does not apply if the sub-lease was made by agreement with the ...
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MaltaToday speaks with MAMO TCV Advocates on the concerns and stability behind cryptocurrencies

MaltaToday speaks with MAMO TCV Advocates on the concerns and stability behind cryptocurrencies
MaltaToday speaks with Christina Scicluna, Senior Associate at MAMO TCV Advocates on the concerns surrounding cryptocurrencies and whether the price fluctuations of cryptocurrencies pose a threat to the stability of the market. The way investors are protected and what may be done to increase such protection is also discussed. The interview discusses certain misconceptions surrounding cryptocurrencies, with particular focus on anonymity of users and whether the use of cryptocurrencies facilitates money laundering or whether this too is a misconception. The hands-on...
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Does ‘on-call’ time qualify as ‘working time?

Does ‘on-call’ time qualify as ‘working time?
In a recent judgment, Ville de Nivelles v Rudy Matzak, decided on the 21st February 2018, the Court of Justice of the European Union tackled the issue of 'working time' in terms of Directive 2003/88/EC concerning certain aspects of the organisation of working time, and provided guidance as to when being on-call must be considered as 'working time' within the meaning of the Directive, even if the worker is at home.Rudy Matzak was a volunteer firefighter serving at Nivelles' fire station. One of the conditions of service was that during periods of stand-by, fire-fig...
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SEC and CFTC hearing on Blockchain and Distributed Ledger Technology

SEC and CFTC hearing on Blockchain and Distributed Ledger Technology
Earlier this month the United States Committee on Banking, Housing, and Urban Affairs met in open session to conduct a hearing entitled 'Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission'. The United States Security and Exchange Commission (SEC) and The Commodities Futures Trading Commission (CFTC) were present as witnesses to discuss their relative roles with respect to Blockchain, ICOs (Initial Coin Offerings) and virtual currency regulation in general. Prior to the hearing, te...
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