The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the names of Puth Holdings Co Ltd, Puth Global Ltd or Digital Fintech One and which has an internet presence at https://www.puth777.com/h5/.

This entity claims to be a company “incorporated in Malta under the relevant laws of Malta” and purports to be operating “the world’s leading digital asset trading platform”.

The MFSA wishes to alert the public, in Malta and abroad, that this entity is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licensed or otherwise authorised under Maltese law. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA as soon as a suspicion arises.

The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity by the name of Forte Trade Limited (“the Entity”) which has an internet presence at https://www.fortetradelimited.com/. On its website, the entity claims that “the first and safest crypto asset investment firm, was established to provide intelligent portfolios with its expert investors, customer-priority approach, safe and high-tech investment tools. Eliminating the risk factor to earn from digital assets, the platform is created to offer exclusive interest return”.

This website is making unauthorised use and reference to the details of a Maltese Registered Company.

The MFSA wishes to alert the public, in Malta and abroad, that https://www.fortetradelimited.com/ is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any VFA service, investment services or any other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that https://www.fortetradelimited.com/ is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA as soon as a suspicion arises.

The Commissioner for Revenue notifies that the Guidelines in relation to the Consolidated Group (Income Tax) Rules have been updated as follows:

• paragraphs (xiv) and (xv) have been updated to include further technical clarifications regarding Rule 6(2).

• paragraph (xviii) has been replaced to include clarifications regarding Rule 11 - Consolidated audited accounts. Annex 1 has also been added outlining items that may be excluded from the notes to the consolidated audited accounts.

• paragraphs (xviii) and (xix) have been renumbered accordingly.

The updated guidelines are available here.

The Malta Financial Services Authority (“MFSA” ) has become aware of an entity operating under the name of TrustFX Tradings (“Entity”) which has an internet presence at https://www.trustfxtradings.com/. Although this entity purports to operate from an address in Malta, the MFSA believes that this is not the case. On its website, the entity claims that “Trust Forex Tradings. A place for everyone who wants to simply buy and sell Bitcoins. Deposit funds using your Visa/MasterCard or bank transfer. Instant buy/sell of Bitcoins at fair price is guaranteed. Nothing extra. Join over 700,000 users from all over the world satisfied with our services.”

This website is making unauthorised use and reference to the licence number, registered address, and other company details of a Maltese licensed company.

The MFSA wishes to alert the public, in Malta and abroad, that TrustFX Tradings is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading services, VFA services or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that TrustFX Tradings is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA as soon as a suspicion arises.

The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Expertztrade which has an internet presence at https://www.expertztrade.com.

The MFSA wishes to alert the public, in Malta and abroad, that https://www.expertztrade.com is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.
If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA  as soon as a suspicion arises.

The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Hillwood Limited Insurance Co Ltd (“the entity”) which has an internet presence at https://www.hillwoodlimited.com/. This website is making unauthorised use of a similar name and reference to the registered office address of a Maltese registered company, Hillwood Ltd (C 74031).

The entity presents itself as being “the biggest property and casualty insurer in Malta”, saying that “Since 2016, Hillwood Limited Insurance Co., Ltd. ("HL") has been delivering exceptional property and casualty insurance products and services to businesses and individuals.”, and that “HL offers, a commercial package, automobile policy, commercial umbrella and workers' compensation”.

The Authority would like to inform the public that Hillwood Limited Insurance Co Ltd is NOT a Maltese registered company NOR licensed or otherwise authorised by the MFSA to provide any financial services which are required to be licensed or otherwise authorised under Maltese law. Additionally, https://www.hillwoodlimited.com/ has NO association with Hillwood Ltd (C 74031).

The website https://www.hillwoodlimited.com/ therefore appears to be a clone of the legitimate company and the public should therefore refrain from undertaking any business or transactions with the false entity.

The Commissioner for Revenue notifies that for Year of Assessment 2020, the deadline for the filing of the income tax return by a principal taxpayer in respect of a fiscal unit is being further extended to 30 June 2021. The payment deadlines will remain as those communicated in the previous notice below.

The Commissioner for Revenue notifies that for Year of Assessment 2020, the deadline for the filing of the income tax return by a principal taxpayer in respect of a fiscal unit is being extended to 28 February 2021.

In addition, with respect to fiscal units not entitled to the tax payment deadline of eighteen months following the end of the accounting period, the deadline for the payment of settlement tax with respect to Year of Assessment 2020 is being further extended to 28 February 2021.
We would appreciate it if you would pass on this information to your members.

The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Brava500 which has an internet presence at https://brava500.com/.

The MFSA wishes to alert the public, in Malta and abroad, that https://brava500.com/ is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at http://www.mfsa.com.mt/pages/licenceholders.aspx.

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.

The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Procryptotradings which has an internet presence at https://www.procryptotradings.com/.

The MFSA wishes to alert the public, in Malta and abroad, that https://www.procryptotradings.com/ is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at http://www.mfsa.com.mt/pages/licenceholders.aspx.

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.

The Commissioner for Revenue and the Registrar of Companies would like to notify that, in respect of share transfers and changes in issued share capital/voting rights of companies and other commercial partnerships where applicable, or transfers of interests in partnerships, requiring registration by the International and Corporate Tax Unit (ICTU), all relevant documents should be delivered to the ICTU prior to forwarding any of the requisite documents to the Registry of Companies Unit within the Malta Business Registry.

Please note that with effect from 1st February, the above-mentioned procedure is also applicable in the case of transfers/changes in respect of which there is a valid determination issued in terms of Article 47 of the Duty on Documents and Transfers Act (DDT 10). Any such documentation must be accompanied by the relevant Capital Gains Schedule, auditor’s report and supporting documentation as applicable.

It is also being clarified that in the case of transfers (including deemed transfers) of interests held in partnerships, the  capital gains and duty Schedules required to be submitted from an Income Tax and Duty on Documents and Transfers perspective are the same as those applicable to transfers in/changes to the issued share capital held in companies.

Any queries in relation to the above may be forwarded by e-mail on ictusharetransfer.mfe@gov.mt or by telephone on +356 22582200.