Share Transfer Notice

On the 21st January 2021, the Malta Business Registry (“MBR”) informed relevant entities that, in respect of share transfers and changes in issued share capital or 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 MBR.

The MBR also noted that with effect from the 1st February 2021, the above-mentioned procedure is also applicable in the case of transfers or changes in respect of which there is a valid determination issued in terms of article 47 of the Duty on Documents and Transfers Act. Any such documentation must be accompanied by the relevant Capital Gains Schedule, auditor’s report, and supporting documentation as applicable.

Please contact us should you require any further assistance on the submission of the required documentation relating to share transfers to the MBR.