Malta: Updated guidelines, implementation of DAC2 and CRS

The Inland Revenue of Malta on 18 December 2018 issued an updated version of guidelines for implementation of the EU Council Directive 2014/107/EU (DAC2) and the common reporting standard (CRS) to help financial institutions comply with the CRS requirements.

The new guidance (version 1.9) reflects the addition of a new section concerning the residence or citizenship of “investment schemes” and changes to certain other sections.

Read a December 2018 report [PDF 84 KB] prepared by the KPMG member firm in Malta

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