MTCA publishes legislative update
The MTCA has published Legislative Update 3 of 2024, which gives an overview of subsidiary legislation issued under the Income Tax Acts between January and April 2024. source: cfr.gov.mt...
23 April 2024
End of April Tax Deadlines
Taxpayers are reminded of the following 30 April 2024 deadlines: 15% Tax on Rental Income - TA24 10% Tax on Part-Time Self-Employment - TA 22 Provisional Tax and Social Security Contributions - PT1 For information on Online Payments to the Malta Tax & Customs Administration (MTCA),...
22 April 2024
Tax Credit for Donations to Voluntary Organisations
Rules concerning tax credits for companies making cash donations to enrolled voluntary organisations operating directly in the field of social, environmental or animal welfare were published by Legal Notice 86 of 2024. In terms of the rules, the allowable tax credit for any year of assessment...
13 April 2024
Budget Measures Implementation Act 2024
The Budget Measures Implementation Act – Act XIII of 2024 – has been published. View here. The Act amends: the Customs Ordinance Cap 37 the Income Tax Act. Cap 123 the Central Bank of Malta Act Cap 204 the Social Security Act Cap 318 the Duty...
2 April 2024
MTCA information on withholding tax in MyTAX
The Malta Tax & Customs Administration has published guidance on the submission of final withholding tax forms (TA22, TA23 & TA24) via the MyTAX portal at https://mtca.gov.mt Download the MTCA presentation here....
26 March 2024
Income Tax Exemption – Philanthropic work
By Legal Notice 62 of 2024 the Minister for Finance has named the organisations listed therein as being engaged in philanthropic work, and thus exempt from income tax, including, Aditus Foundation, Fondazzjoni Dar il-Hena and Foodbank Lifeline Foundation Malta....
17 March 2024
Seed investment Scheme Income Tax Rules
The Seed Investment (Income Tax) Rules 2024 were published by LN 45 of 2024, repealing the Seed Investment (Income Tax) Rules 2022 (See MIT News 20 December 2022). The new rules apply in respect of investments made as from basis year 2024 onwards and shall...
4 March 2024
Online tax return deadlines
The MTCA has published the extended deadlines for submission of corporate tax returns online. Click here. As in previous years, the extensions apply to the return submission dates and not to the tax payment deadlines....
29 February 2024
Amendment to the Income Tax Exemption Order
Widow's Pension and Survivor's Pension have been added to the list of allowances and benefits which are exempt from income tax pursuant to the Income Tax Exemption Order (LN 19 of 2024)...
4 February 2024