The Central Bank of Malta would like to remind the public that the Special Registration Scheme ends on Friday.

The scheme was launched by the Ministry of Finance in April in preparation for the adoption of the euro as Malta’s national currency. Its purpose is to provide individuals residing in Malta with a one-time opportunity to regularise their position in respect of their holdings of eligible assets in those cases where the associated income has not been declared for the purposes of the Income Tax Act.

Eligible assets can be registered under the scheme through the Central Bank of Malta and the Appointed Registration Agents. These include banks, stockbrokers and investment services licence holders, as well as foreign exchange bureaux and other licensed financial institutions.

Full confidentiality is guaranteed as Registration Agents, as well as the Central Bank of Malta, are strictly prohibited by law from disclosing any information provided to them under the scheme.

Holdings of eligible assets representing income that was duly declared for the purposes of the Income Tax Act should not be registered under the scheme.

Further details on the Scheme are available from the Central Bank of Malta website www.central bankmalta.com