Increase in Interest rates for late commercial payments

As of January 1, 2024, the interest rate for late payments in commercial transactions in Malta has increased to 12.5%, previously being at 12%. This adjustment is made on January 1 and July 1 each year.

 

The Late payments directive was implemented in 2012, addressing late payments in commercial transactions. Under this directive, creditors have the right to charge interest on late payments at a rate of 8% plus the European Central Bank reference rate. This interest is calculated from the day following the agreed payment date or contract-end date.

 

When payment terms are unspecified, the creditor can claim interest 30 calendar days from the receipt of goods or services, or from the invoice date. The agreed payment period in the contract cannot exceed 60 calendar days, unless both parties expressly agree on a longer period that is not grossly unfair to the creditor.

 

Creditors can pursue late payment claims without reminding debtors, especially in transactions between undertakings and public authorities. In such cases, the payment period is 30 days unless otherwise agreed, with a maximum of 60 days if specified in the contract.

 

Conditions for interest on late payments in commercial transactions also include:

 

  • Payment period limited to 60 calendar days, unless mutually agreed upon for fairness.
  • Supplier can claim late payment without a reminder.
  • Business-public authority transactions have a 30-day default payment period, not exceeding 60 days if specified.
  • Public authorities engaging in economic activities have a 60-day payment limit if unspecified.
  • Any extension of the invoice receipt date is void.
  • Supplier entitled to a minimum €40 compensation in addition to interest charges.
  • Retention of title in contracts until the buyer pays in full.

 

The Late payments directive is currently being revised in order to ensure more proportionality adding more safeguards to clauses already included. This is to ensure SMEs are safeguarded.

If you would like to know more about this directive, please do not hesitate to get in touch.

Be part of research – Your opinion is needed

Bachelor in Psychology at the University of Malta

Quantitative techniques to study Employer Attitudes towards Previously Incarcerated Individuals in the local (Maltese) context.

The questionnaire will take a maximum of 10 minutes to complete, identity will remain anonymous on submission of responses, and no location data will be collected. Click here to participate in survey https://forms.gle/xZeENxygbNSqVyxY9

 

 

Another scheme that can offer clean energy to 6,000 households

Calls for Tenders for renewable energy installations up to a maximum of 1 MW

The Regulator for Energy and Water Services on behalf of the Ministry for the Environment, Energy and  Enterprise  will be receiving bids  for the award of financial support for electricity generated from new Renewable Sources of Energy Installations with a capacity from 200kWp up to less than 1000kWp as from 14th October   2022 noon(CET) and until the 24th October  2022 noon(CET).

Malta Chamber of SMEs President Mr Paul Abela reacts positively to this scheme.

Bids shall be submitted only  by email to   and bidders are to follow the instructions in the Invitation to Bid (ITB) document. The email  shall be used solely for the submission of bids and any other correspondence related to this ITB shall be sent by email to .

The total capacity offered in this invitation to bid is 2,823kW.

The Ministry for the Environment, Energy and  Enterprise reserves the right to refuse even the most advantageous offer.

Five calls are on offer, in two separate categories which will be running consecutively:

Generation of renewable energy from capacities of 40kW up to less than 200kW, and from 200kW up to less than 1000kW respectively. The schedule below refers:

ITB Call Start Date for the Submission of Bids Closing Date for the Submission of Bids:

Call no. 1 Friday, 14th October 2022 Monday, 24th October 2022

Call no. 2 Wednesday, 04th January 2023 Thursday, 12th January 2023

Call no. 3 Wednesday, 05th April 2023 Thursday, 13th April 2023

Call no. 4 Tuesday, 04th July 2023 Wednesday, 12th July 2023

Call no. 5 Tuesday, 03rd October 2023 Wednesday, 11th October 2023

Further technical information and details may be found on the Government Gazette as well as on the REWS website at: https://www.rews.org.mt/#/en/tenders/224. Prospective applicants may also contact REWS offices, via email () or telephone 2295 5000.

kyon bhaarateey aap youporn mein hain

kya aapane kabhee socha hai ki bhaarateey porn staar set par kaise jaate hain? unake peshe mein kya shaamil hai aur ve kya karana pasand karate hain? mere kuchh sujhaav hain jo mujhe aasha hai ki kuchh kaam ke honge. seks, ek bahu-arab dolar ka udyog hone ke naate, kaee pahaloo hain jin par dhyaan dene aur sahee tareeke se shodh karane kee aavashyakata hai. isalie, yahaan kuchh vichaar die gae hain jo aapakee bhaarateey sitaaron kee khoj mein aapakee sahaayata kar sakate hain.

porn aur vaastavik jeevan kee yaun sthitiyon mein antar hai. Hindi pornhub mein mahilaon ke baare mein kalpana karane vaale purush shaamil hain. ve aise drshy dikhaate hain jo unake dimaag mein aate hain. doosaree or bhaarateey kalpana nahin karate, lekin vaastav mein ise jee rahe hain. sitaare ausat purush ke lie rol modal hain.

to, kya aapako lagata hai ki sitaare ek nakalee jeevan jee rahe hain, ya kya ve vaastav mein haasil karate hain jo ve chitrit karate hain? khair, javaab donon hai. bhaarateeyon ko kabhee-kabhee is tathy ko sveekaar karana mushkil lagata hai lekin vaastavikata yah hai ki ve ise parde par jee rahe hain. saamaany taur par bhaarateeyon ko un cheejon ke baare mein abhinay aur kalpana karane mein bhaaree samasya hotee hai, jo vaastav mein ve vaastavik jeevan mein nahin kar paate hain. ve khud ko behatar logon ke roop mein dekhate hain yadi ve in anaavashyak gatividhiyon se door rahate hain.

bhaarat mein porn staar paisa kamaane ke lie sabase aam cheejon mein se ek hai veshyaavrtti. yah mukhy bhoomika nahin ho sakatee hai jise vah nibhaatee hai, lekin agar philm ek uttam darje kee hai to aap sunishchit kar sakate hain ki porn ladakee kaary ke lie taiyaar ho jaegee. vaastav mein, bhaarat mein jyaadaatar porn staar din ke dauraan kaee baar kapade badalane ke lie jaane jaate hain taaki ve klaint ko khush kar saken. graahak bahut achchhe parinaam kee ummeed karata hai aur vah vahee hai jo unhen milata hai. jyaadaatar ladakiyaan ek raat mein teen purushon ke saath soengee bhee! ve is seva ke lie achchhee tarah se bhugataan kie jaate hain aur yah indian porn xxx ka kaam hai.

adhikaansh porn staars ke paas nakalee anubhav bhee honge. graahakon ko adhik samay tak vaapas rakhane ke lie philm mein nakalee orgaasm daala jaega. bahut see ladakiyaan aise kaam karengee jaise ve apanee gatividhiyon se oob gae hon ya bor ho gae hon aur apane graahakon ke saath yaun sambandh banaane ke lie aage badh jaate hain. kuchh maamalon mein, porn staar bhee yaun pradarshan karane mein asamarth hone ka naatak karegee kyonki vah theek nahin lag rahee thee.

bhaarateey ladakiyon ko kuchh yaun kriyaon jaise pair ya munh ke pradarshan ke lie upayog kiya jaata hai. lekin, jab vaastavik seks kee baat aatee hai, to unhen aisa karana bahut kathin lagata hai. ve sharminda mahasoos karate hain aur aksar aashchary karate hain ki kya sambhog ke dauraan unhen chot lag jaegee. lekin, ve parinaam ke baare mein kabhee nahin sochate hain. unhen sochane ke lie jhooth bolane se behatar hai ki porn philmen banaee jaen.

vaastav mein, kaee baar bhaarateey porn staar ek ghante bhee nahin tikate hain. unake graahak ise ubaoo paate hain aur bina kuchh khareede porno kee dukaan chhod dete hain. is kahaanee ka dukhad paksh yah hai ki in ladakiyon ko yah ehasaas nahin hota hai ki ve jo kar rahee hain, usase unake jeevan par bura asar pad sakata hai.

is baat se inakaar nahin hai ki bhaarateey seks ko pasand karate hain. kaee porn staar dakshin eshiyaee mool ke hain. yadi aap ek bhaarateey porn philm onalain praapt karane mein saksham hain, to aap ladakiyon ko har samay bistar par mastee karate hue dekhenge. aapane unhen hansate hue aur khud ko poora aanand lete hue bhee suna hoga. bhaarateey porn philm dekhane se koee bhee vyakti aapase baat nahin kar sakata hai.