MFSA
- Guidance Document on Assessment of Clients Demands and Needs issued for Insurance Distributors
- The Malta Financial Services Authority has issued a comprehensive document aimed at guiding insurers on how to handle the mandatory assessment of a client’s demands and needs prior to the offering of any insurance contract. Such assessment is seen as an important tool to ensure that clients are not offered inappropriate products, and applies to all types of insurance products, including those purchased online.
https://www.mfsa.mt/news-item/insurance-distributors-given-guidance-on-assessment-of-clients-demands-and-needs/
- The Malta Financial Services Authority has issued a comprehensive document aimed at guiding insurers on how to handle the mandatory assessment of a client’s demands and needs prior to the offering of any insurance contract. Such assessment is seen as an important tool to ensure that clients are not offered inappropriate products, and applies to all types of insurance products, including those purchased online.
TAX
- New EU VAT rules for e-commerce: Updated revenue figures point to a successful implementation
- New VAT rules for online shopping came into force on 1 July 2021 as part of efforts to ensure a more level playing field for all businesses. Following its introduction, the new framework simplifies VAT compliance in relation to cross-border business-to-consumer e-commerce supplies and introduces greater transparency for EU shoppers when it comes to pricing and consumer choice. It also contributes to a fairer and simpler system of taxation in the EU, and to the modernization of VAT in line with the realities of the e-commerce market.
https://ec.europa.eu/taxation_customs/news/new-eu-vat-rules-e-commerce-updated-revenue-figures-point-successful-implementation-2022-05-23_en
- New VAT rules for online shopping came into force on 1 July 2021 as part of efforts to ensure a more level playing field for all businesses. Following its introduction, the new framework simplifies VAT compliance in relation to cross-border business-to-consumer e-commerce supplies and introduces greater transparency for EU shoppers when it comes to pricing and consumer choice. It also contributes to a fairer and simpler system of taxation in the EU, and to the modernization of VAT in line with the realities of the e-commerce market.
- An updated version of the Registered Exporter System guidance document available
- An updated version of the guidance document on the Registered Exporter (the REX system) is available. This revision considers the evolution of the application of the REX system, in particular, its use in preferential trade agreements and the end of the transition period for its application in the Generalized System of Preferences (GSP).
https://ec.europa.eu/taxation_customs/news/registered-exporter-system-2022-05-23_en
- An updated version of the guidance document on the Registered Exporter (the REX system) is available. This revision considers the evolution of the application of the REX system, in particular, its use in preferential trade agreements and the end of the transition period for its application in the Generalized System of Preferences (GSP).
EU
- EU Commission proposes rules on freezing and confiscating assets of oligarchs violating restrictive measures and of criminals
- The European Commission is proposing to add the violation of EU restrictive measures to the list of EU crimes. The Commission is also proposing new reinforced rules on asset recovery and confiscation, which will also contribute to the implementation of EU restrictive measures. These proposals aim to ensure that the assets of individuals and entities that violate the restrictive measures can be effectively confiscated in the future.
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3264
- The European Commission is proposing to add the violation of EU restrictive measures to the list of EU crimes. The Commission is also proposing new reinforced rules on asset recovery and confiscation, which will also contribute to the implementation of EU restrictive measures. These proposals aim to ensure that the assets of individuals and entities that violate the restrictive measures can be effectively confiscated in the future.
- EU Commission establishes the EU Energy Platform Task Force to secure alternative supplies
- The Commission has set up a new Task Force within its Directorate-General for Energy, to provide support to the EU Energy Platform and implement the REPowerEU goal of supply diversification. The new Task Force will help deliver on the REPowerEU objective of reducing our dependence on Russian fossil fuels, by enabling Member States and neighbouring countries to have access to alternative energy supplies at affordable prices in the coming years.
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3299
- The Commission has set up a new Task Force within its Directorate-General for Energy, to provide support to the EU Energy Platform and implement the REPowerEU goal of supply diversification. The new Task Force will help deliver on the REPowerEU objective of reducing our dependence on Russian fossil fuels, by enabling Member States and neighbouring countries to have access to alternative energy supplies at affordable prices in the coming years.
- EU Commission sets new priorities and new governance model in State of Schengen Report 2022
- The Commission has presented the State of Schengen Report 2022. This is the first time the Commission is presenting such report, following last year’s Schengen Strategy. This report is part of the Commission’s initiative to reinforce the Schengen governance through a yearly reporting exercise presenting the state of Schengen, identifying priorities for the year ahead and monitoring progress made at the end of a given year.
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3213
- The Commission has presented the State of Schengen Report 2022. This is the first time the Commission is presenting such report, following last year’s Schengen Strategy. This report is part of the Commission’s initiative to reinforce the Schengen governance through a yearly reporting exercise presenting the state of Schengen, identifying priorities for the year ahead and monitoring progress made at the end of a given year.
- Eurostat publishes 2022 report on Sustainable Development Goals in the EU
- Eurostat, the statistical office of the European Union, published today the ‘Sustainable development in the European Union – 2022 monitoring report on progress towards the SDGs in an EU context’, which provides a statistical overview of progress towards the Sustainable Development Goals (SDGs) in the EU. While progress towards reaching some goals was faster than for others, movement away from the sustainable development objectives occurred only in few specific areas.
https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3212
- Eurostat, the statistical office of the European Union, published today the ‘Sustainable development in the European Union – 2022 monitoring report on progress towards the SDGs in an EU context’, which provides a statistical overview of progress towards the Sustainable Development Goals (SDGs) in the EU. While progress towards reaching some goals was faster than for others, movement away from the sustainable development objectives occurred only in few specific areas.
