Malta's Compliance Progress: OECD Report And Future Steps

A recent report published by the Organisation for Economic Co-operation and Development (OECD) has determined that Malta is largely compliant with the standards of transparency and exchange of information upon request issued by the Global Forum on Transparency and Exchange of Information for Tax Purposes. This forum is responsible for meticulously monitoring and peer-reviewing the implementation of the OECD's said international standards. The report highlights Malta's substantial compliance in this area whilst pinpointing a number of deficiencies requiring further improvement.

Initially deemed partially compliant in 2020, Malta has since made significant strides in practical standard implementation, prompting a supplementary review in 2021. The Global Forum's Peer Review Group scrutinized information exchange requests processed from the 1st July 2019 to 30th June 2022, affirming Malta's substantial progress. Noteworthy measures include the implementation of