TAX
- Year of Assessment 2022 Tax Returns for Companies
- The Commissioner for Revenue notifies that the year of assessment 2022 electronic corporate income tax return is now available via online services. For this year of assessment there were salient changes to the tax return, including an updated index reflecting new attachments and removal of attachments that were no longer applicable. Further amendments were made to comply with EU Directives and Subsidiary Legislation, and new tax return attachments were introduced for business development, investment aid, income or capital gains arising outside of Malta and group deductions.
https://cfr.gov.mt/en/News/Pages/2022/Year-of-Assessment-2022-Tax-Returns-for-Companies.aspx
- The Commissioner for Revenue notifies that the year of assessment 2022 electronic corporate income tax return is now available via online services. For this year of assessment there were salient changes to the tax return, including an updated index reflecting new attachments and removal of attachments that were no longer applicable. Further amendments were made to comply with EU Directives and Subsidiary Legislation, and new tax return attachments were introduced for business development, investment aid, income or capital gains arising outside of Malta and group deductions.
EU
- Regulation (EU) 2022/868 of the European Parliament and of the Council of 20 May 2022 on European data governance and amending Regulation (EU) 2018/1724 (Data Governance Act)
- The EU has introduced the Data Governance Act (Regulation (EU) 2022/868), laying down:
- Conditions for the re-use of certain categories of data held by public sector bodies within the EU;
- Notification and supervisory framework for the provision of data intermediation services;
- A framework for voluntary registration of entities which collect and process data made available for altruistic purposes; and
- A framework for the establishment of a European Data Innovation Board;
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.152.01.0001.01.ENG&toc=OJ%3AL%3A2022%3A152%3ATOC
- The EU has introduced the Data Governance Act (Regulation (EU) 2022/868), laying down:
OECD
- Inflation in the OECD rises to 9.2% in April 2022 as food and services prices accelerate
- Consumer prices (CPI) in the OECD rose by 9.2% year-on-year in April 2022, compared with 8.8% in March 2022. Excluding food and energy, year-on-year inflation increased to 6.3% in April 2022, compared with 5.9% in March 2022. Nine OECD countries recorded double-digit inflation rates, with the highest rates experienced in Turkey and Estonia. By contrast, inflation fell in five OECD countries, including Italy, Spain and the United States.
https://www.oecd.org/newsroom/consumer-prices-oecd-updated-2-june-2022.htm
- Consumer prices (CPI) in the OECD rose by 9.2% year-on-year in April 2022, compared with 8.8% in March 2022. Excluding food and energy, year-on-year inflation increased to 6.3% in April 2022, compared with 5.9% in March 2022. Nine OECD countries recorded double-digit inflation rates, with the highest rates experienced in Turkey and Estonia. By contrast, inflation fell in five OECD countries, including Italy, Spain and the United States.
AVIATION
- EASA launches five new research projects
- Following calls for tenders, EASA has now signed contracts for five new research projects, all funded from the EU’s Horizon Europe research and innovation programme. The projects include:
- Helicopter Underwater Escape (HUE#2), improving likelihood of successful escapes in survivable helicopter water impact accidents.
- Machine learning application approval (MLEAP), Artificial intelligence technology for systems intended for use in safety-related applications in civil aviation.
- Unmanned Aircraft Systems (UAS) Standards (SHEPHERD), on the technical assessment of the standards for safe use of UASs.
- Mental health (MESAFE) assessing new medical developments for early diagnosis as well as treatment of mental health conditions for pilots and air traffic controllers.
- Risk Assessment Tool Technical Specifications (RAT) developing technical specifications for the creation of risk assessment tool (RAT) to early identify hazards associated with specific type of product for given concept of operation.
https://www.easa.europa.eu/newsroom-and-events/news/easa-launches-five-new-research-projects
- Following calls for tenders, EASA has now signed contracts for five new research projects, all funded from the EU’s Horizon Europe research and innovation programme. The projects include:
