News

CFE’s Top Tax 5 – June 2017

      19 June 2017 Financial Transaction Tax on the Agenda at ECOFIN meeting The proposal for a financial transaction tax by means of enhanced cooperation was discussed at the recent ECOFIN meeting held in Luxembourg on Friday 16 June. Proposals for an EU-wide directive failed in 2011 and subsequently a procedure for enhanced.

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Save the Date – Annual Tax Conference

The Malta Institute of Taxation will be holding its full day Annual Tax Conference on Friday, 6th October 2017. Further details will be provided in due course. It is recommended that you ‘Save the Date’ of this Conference were you to be interested in attending.

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CFE’s Tax Top 5 – May 2017

        29 May 2017 1.  ECOFIN reaches agreement on Directive to improve Dispute Resolution Mechanisms As a meeting of the Council of the European Union (ECOFIN) on 23 May 2017 European finance ministers agreed on a final text for the proposed Directive on Double Taxation Dispute Resolution Mechanisms (the “Proposed Directive”). The.

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Notification from the Inland Revenue Department.

2017 electronic tax return for companies is now available The Inland Revenue Department notifies that the year of assessment 2017 electronic tax return for companies is now available on the IR online services. Further information regarding electronic filing deadlines and changes to the tax return can be found at the link below. https://ird.gov.mt/news.aspx?newsid=298  

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Application for the post of Technical Officer

Dear MIT Member, As you are well aware, the Malta Institute of Taxation is dedicated to the diffusion of knowledge and the equitable practice in the field of taxation in Malta. The Institute is licensed as a Higher Education Institute by the National Commission for Further and Higher Education. The activities of the Institute are.

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CFE’s Tax Top 5 – April 2017

  24 April 2017 European Commission publishes report on tax uncertainty On 7 April 2017 the European Commission published a report on tax certainty entitled “Tax uncertainty: Economic Evidence & Policy Responses”. The Report comes at a time when tax uncertainty is gaining increasing prevalence on the international stage, with it being a priority of.

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CFE’s Tax Top 5 – March 2017

     27 March 2017 Meeting of G20 Finance Ministers takes place in Baden Baden Germany The G20 Ministers for Finance and Heads of the Central Banks met in Baden Baden in Germany on 18 March 2017. A communique outlining their position on the ongoing work priorities, including taxation matters was subsequently published. The OECD.

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CFE’s Top Tax 5 – February 2017

27 February 2017 Council of the EU reaches deal on ATAD2, European Commission welcomes agreement that fights BEPS (hybrid mismatches) involving non-EU countries On 21 February 2017, the Council of the EU reached agreement on the finalised text of the Directive extending the scope of the original Anti-Tax Avoidance Directive (“ATAD”). The “ATAD 2” Directive.

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CFE’s Top Tax 5 January 2017

   23 January 2017 Temporary general reverse charge in VAT on the EU agenda EU finance ministers are expected to discuss on Friday 27 January the December 2016 proposal from the European Commission to amend the VAT Directive with a temporary generalised reverse charge mechanism for all domestic supplies above an invoice threshold of 10.000.

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CFE’s Top Tax 5 – December 2016

    13 December 2016 European Commission refers France to the Court of Justice for discriminatory taxation on dividends European Commission has referred France to the Court of Justice of the European Union for failure to comply with the judgment C-310/09 Accor of 15 September 2011.  The infringement action against France was initiated following a.

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Electronic filing of Corporate returns for the year of assessment 2016 – service has been resumed

  https://ird.gov.mt/news.aspx?newsid=285        

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Annual General Meeting 2016

16th November 2016 Dear MIT Members, Good morning. Members are advised that the Annual General Meeting of the Malta Institute of Taxation will be held on  Thursday, 1st December 2016 at 16:00 at the MFSA Conference Hall on the 3rd Floor. Mr. Marvin Gaerty, Commissioner for Revenue,  will deliver a 20 minute presentation during our.

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CFE’s Tax Top 5 – November 2016

28 November 2016 OECD multilateral convention to amend more than 2000 tax treaties  The OECD announced that on 24 November 2016, the members of the ad hoc Group on the Multilateral Instrument implementing BEPS measures concluded the negotiations on the text of the Multilateral Convention.  More than 100 jurisdictions signed the multilateral instrument, including most European countries,.

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CFE’s Tax Top 5 October

     31 October 2016  Prominent line-up of speakers confirmed for this year’s CFE PAC conference This year’s Professional Affairs Conference co-organised with our Slovenian member organisation ZDSS brings together a prominent line-up of speakers, including representatives from the Directorate General TAXUD of the European Commission, OECD, the European Parliament, national governments and associations. Considering.

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VAT Expert Group

  Malta Institute of Taxation re-appointed to VAT Expert Group Attard, Malta – (5 October 2016) The Malta Institute of Taxation (MIT) is pleased to announce that it has been re-appointed by the Directorate-General for Taxation and Customs Union of the European Commission to serve as a member of the VAT Expert Group for a.

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International Tax Conference April 2016

  Below please find the sample of the FC “Opinion Release” CFE prepared with the Malta Institute of Taxation’s logo. Three CFE FC Opinion Releases with the Malta Institute of Taxation’s logo on BEPS related issues were distributed to the participants of the Annual Tax Conference held in Malta on 29 April 2016. MIT_2016_04-03_CFE_Compliance

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CFE’s Tax Top 5 September 2016

26 September 2016 Piergiorgio Valente elected next CFE President – New Board members elected At the CFE General Assembly on 23 September 2016 in Warsaw, Piergiorgio Valente (Italy) was elected CFE President for a two-year term starting on 1 January 2017. He will succeed Henk Koller (the Netherlands) who has not stood for re-election. As.

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CFE’s Tax Top 5 August 2016

  29 August 2016 US criticise European Commission over state aid investigations On 17 August 2016, the United States` Treasury issued a white paper expressing its concerns over the European Commission´s change of policy in the state aid treatment of tax rulings, warning against the major impact that the recovery of the aid would have.

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CFE’s Tax Top 5 July 2016

                   25 July 2016 Commission proceeds against Austrian requirement for non-residents to have fiscal representative On 22 July 2016, the European Commission has asked Austria to change its rules which require non-resident taxpayers to appoint representatives to administer their tax affairs on their behalf. The Commission considers that these rules result in discriminatory treatment.

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CFE’s Tax Top 5 June 2016

       27 June 2016 CJEU rules on input VAT deduction for constructing a building only partly used for economic activities after having been sold On 22 June 2016, the the EU Court of Justice (CJEU) ruled in the Dutch preliminary ruling case Gemeente Woerden (C-267/15) that where a taxable person has had a building constructed.

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CFE’s Tax Top 5 May 2016

       30 May 2016   1.      Ecofin meeting: country by country reporting adopted / no agreement on ATAD   On 25 May 2016, the EU Ecofin Council discussed the European Commission´s Anti-Tax Avoidance Package of 28 January 2016, formally adopting the proposal including in the EU Administrative Cooperation Directive the filing of country by.

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CFE’s Tax Top 5 April

  Press Release 2016_02 Brussels, 25 April 2016 CFE presents the final Report of the Model Taxpayer Charter – 10 principles for greater fairness in taxation The CFE (Confédération Fiscale Européenne), the European federation of tax advisers, is proud to announce the publication of the final version of the Model Taxpayer Charter. The Charter, which.

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CFE’s Tax Top 5 March 2016

  29 March 2016   1.      OECD issues standardised electronic format for the exchange of BEPS country-by-country reports On 22 March 2016, the OECD released a standardised electronic format for the exchange of country-by-country (CbC) reports between jurisdictions as well as a user guide. This CbC XML scheme is part of the OECD’s work to.

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CFE’s Tax Top 5 February 2016

29 February 2016 1.      Monaco and EU sign information exchange agreement On 22 February 2016, as the last in a group of several non-EU European countries including also Switzerland, Andorra, Liechtenstein and San Marino, Monaco has initialled a tax information exchange agreement with the EU in accordance with the OECD/G20 Common Reporting Standard which has.

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CFE’s Tax Top 5 January 2016

25 January 2016 1.      State Aid: Commission asks Belgium, France and the Netherlands to end tax exemptions for ports On 21 January 2016, the European Commission requested that Belgium, France and the Netherlands should make the commercial activities of their ports fully subject to corporate income tax. The Commission states that public companies, when carrying.

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CFE’s Tax Top 5 Dec 2015

                                                                                                                                                          14 December 2015   1.      Latest update: CCCTB and EU-BEPS   Recent papers and statements suggest that the European Commission will, probably on 27 January 2016, present an “anti-BEPS package of legislative and non-legislative measures” that “addresses both third countries and intra-EU situations”. The C(C)CTB re-launch will probably come in summer.

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CFE’s Tax Top 5 – Nov

                                                                                                                                                          30 November 2015   1.      TAXE Committee adopts final report / possible follow-up Committee   On 25 November 2015, the European Parliament´s plenary adopted the TAXE Special Committee´s “Report on tax rulings and other measures similar in nature or effect”. The report concludes the original work of the TAXE. The lengthy.

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Council News

      DR. CONRAD CASSAR TORREGIANI Dr. Conrad Cassar Torregiani has been appointed Vice President of the Malta Institute of Taxation, during a Council Meeting held on the 4th May, 2015. Dr. Renald Micallef, President, welcomes Dr. Cassar Torregiani to this new post and thanked the outgoing Vice President Mr. George Farrugia, who will.

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CFE’s Tax Top 5 – Key tax news of the week

                                                                                                                                                          26 October 2015   1.      Commission: Dutch and Luxembourg tax rulings in Starbucks and Fiat cases were illegal state aid   On 21 October 2015, the European Commission concluded that the tax rulings issued by the Dutch and Luxembourg tax administrations to Fiat Finance and Trade and Starbucks approved transfer prices.

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Prior To April 2015

  The Inland Revenue Department has just published a news item on its website regarding the year of assessment 2015 tax return for companies.  The following is the link to the news item https://ird.gov.mt/news.aspx?newsid=240       Fiscal Committee 27 April 2015 1. CFE at European Parliament hearing on tax rulings and other issues On 16.

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