MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
COM (2009) 28 – Proposal concerning mutual assistance for the recovery of claims relating to taxes, duties and other measures.
The proposal seeks to extend the mutual recovery assistance to other taxes and duties than those already covered and extend to compulsory social security contributions.
It also seeks to adopt uniform instruments permitting enforcement or precautionary measures so as to avoid problems of recognition and translation of instruments emanating from another Member State. For the same reason, it is calls for the adoption of a standard form for the notification of documents, relating to these claims, on the territory of another Member State.
The Commission proposes that national officials should have the competence to act on the territory of other Member States, and that a system of spontaneous information exchange should be developed.
It also calls for conditions for requesting assistance to become less strict, at least in certain circumstances, in order to improve recovery chances. The proposal tackles common request forms to facilitate the assistance and considers other revisions aimed at facilitating practical assistance and making the application of legislation easier.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).