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Effecting a simple share transfer currently involves:
- calling at the Inland Revenue Cash Office in Floriana to have the documents vetted and pay any capital gains tax;
- walking all the way to Merchants Street Valletta to the first floor of the Capital Transfers & Duty Section to wait and wait,
- having same documents vetted and informed of the duty payable;
- then running down the stairs to pay the blessed duty, only to hear a door being slammed because it is noon (apparently an one and a half hour reconciliation exercise is required);
- another day driving and parking in Valletta to again walk in the same office with the same documents to pay the duty (before it strikes noon);
- calling at MFSA in Mriehel to have the stamped documents filed.
In this day and age of EU membership, e-government, Microsoft partnership, Customer Charters and Government Service remunerated efficiency standards could someone take the trouble to centralise matters rather than wasting the time of every person involved in a share transfer?
Joe Vella
Mellieha
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