Malta Budget 2023: Pre-Budget Consultation

The Ministry for Finance launched a Pre-Budget 2023 Consultation. The Pre-Budget document and presentation can be viewed here.   Updated 23 September 2022: The Prime Minister has announced that the Budget for 2023 will be announced on 24 October 2022....

Amendment to the Interest Rate Rules for Income Tax

LN 228 of 2022 has revised the second proviso to Rule 2 of the Income Tax (Rate of Interest) Rules, specifying that where the date by which tax is payable under the Income Tax Acts is 31 August 2022 or later date, interest shall be charged...

Commission Workshop on CESOP

The Office of the CfR has notified all Payment Service Providers who may be affected by the new requirements coming into force on 1st January 2024 [Council Directive (EU) 2020/284 and Council Regulation (EU) 2020/283], that a workshop will be held on 23rd September 2022...

Amendment to Income Tax on Pensions rules

SL 123.204 has been revised by LN 220 of 220. The amendments include the introduction of a definition of "pension income", reflecting the definition in SL 123.127 to which the rules previously referred, as well as a cap on the amounts exempt. The amendments apply with...

Income Tax Return Deadline – REMINDER

!!REMINDER!! The extended deadline for submission of the Income Tax return ONLINE for basis year 2021 is 31 July 2022.  To submit a personal income tax return online, log in to https://mytax.cfr.gov.mt using your E-ID account....

Group Deductions Rules from YA22

Legal Notice 205 of 2022 has introduced rules for the surrender of capital allowances between group companies, where at least one thereof was a beneficiary under the COVID-19 tax deferral scheme, with effect from YA 2022.    ...

YA 2022 Fiscal Unit Tax Return

The Office of the CfR has notified that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2022 required to be filed by a principal taxpayer in respect of a fiscal unit is now available....

Corporate Tax return V1.2

The Office of the CfR has announced that the facility to submit the income tax return for Year of Assessment 2022 is now available on CfR Online services. Furthermore, a new version of the YA2022 company tax return (version 1.2), which corrects certain validation errors, was...