Amendment to the AIP rules
Legal Notice 204 of 2024 has amended the First Schedule to the Immovable Property (Acquisition by Non-Residents) Act...
6 September 2024
EU Consultation on e-format for CbC Reporting
The EU Commission has launched a public consultation on draft legislation which introduces a common template and electronic format for annual country-by-country reporting obligations for large multinational corporations operating in the EU, who are required to disclose income tax information for a given financial reporting...
13 August 2024
Personal income tax return (electronic) submission deadline extended
The Malta Tax and Customs Administration (MTCA) has announced that today's deadline for the electronic filing of income tax returns for individuals has been extended by 1 week to Wednesday 7 August 2024. The due date of the relative payment is being extended accordingly. The personal income...
31 July 2024
Taxation of income from sports activities rules published
The Income from Sport Activities Rules 2024 (LN 147 of 2024), which come into force with effect from YA 2025, extends the application of the 7.5% tax rate, which has applied to players, licensed coaches and athletes (article 56(26) of the Income Tax Act, CAP...
2 July 2024
YA 2024 Tax Return for companies (electronic)
The electronic corporate income tax return for year of assessment 2024 is now available on MTCA's online services. The supplemental document in case of a Fiscal Unit is also available for download. For this year of assessment the notable changes to the tax return are: TRA 63...
18 June 2024
Amendment to Global Minimum Tax Implementing Regulations
Regulation 6 of the 'European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations' has been revised by Legal Notice 130 of 2024 with effect from 20 February 2024, as follows: in Regulation 6(1), the words "regulation 2(7)" has...
10 June 2024
Personal Tax Return available online
The online service for the filing of the Personal Income Tax for YA 2024 (basis year 2023), is now enabled - see MTCA announcement....
3 June 2024
Tax treatment of interest paid under the VAT Act – MTCA guidance
Further to the repeal of article 74 of the VAT Act with the Budget Measures Implementation Act, the Malta Tax & Customs Administration (MTCA) has issued Guidance clarifying that the income tax treatment of interest paid pursuant to the provisions the VAT Act has, with...
31 May 2024
MTCA Guideline: Exemption for transfer of a dwelling house
The MTCA has published a Guideline on the interpretation of one of the conditions for the exemption granted under article 5A(4)(c) of the Income Tax Act on the transfer of a dwelling house. View here....
26 May 2024