The Commissioner for Revenue has announced that due to the deferral of the reporting deadlines as a result of the COVID-19 pandemic, the period allowed for notification by non-disclosing intermediaries is being extended. In the case of cross-border arrangements subject to reporting in the period from...
A new version of the YA2020 company tax return (version 1.6) will be available on the CfR portal on 18 September 2020. The Office of the CfR has notified that version 1.6 will include an updated version of TRA112 (to be completed by taxpayers falling within...
Guidelines on the European Union Anti-Tax Avoidance Directives Implementation Regulations, 2018 (S.L. 123.187) were published today by the Office of the CfR. The document provides guidance the scope and application of the rules concerning: Interest Deduction Limitations, Exit Taxation and CFCs. The guidelines can be downloaded here. source: cfr.gov.mt...
The Research & Development Regulations 2020 (LN 346 of 2020) were published on 26 August 2020. In terms of the Regulations, which apply retroactively from 1 March 2020, the Malta Enterprise Corporation may assist undertakings that require assistance to carry out Research and Development projects (as...
The COVID-19 Temporary Support Measures Regulations, 2020 were published on 25 August 2020 in virtue of LN 345 of 2020, with effect from 1 April 2020. The Regulations authorise the Malta Enterprise Corporation to provide assistance to eligible undertakings which require support to sustain, preserve and...
The deadline for applying for fiscal unity in respect of the Year of Assessment 2020 has been extended from 31 August 2020 [see the Guidelines in relation to the Consolidated Group (Income Tax) Rules] to 30 September 2020. See CfR announcement here. ...
The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules (See MIT News 17 June 2020) and the Covid19 Wage Supplement. The revised forms can be downloaded at this link. Guidance on...
Further to the announcement by the Office of the CfR in connection with the extension of the reporting deadlines under regulation 13 of the Cooperation with other Jurisdictions on Tax Matters Regulations (SL 123.127) (see MIT News 2 July 2020), the Cooperation with Other Jurisdictions...
The Office of the CfR has updated the guidelines concerning the deferral of certain taxes, one of the measures announced in March 2020 to assist businesses that suffered a significant downturn in their turnover as a result of the economic constraints arising from the coronavirus pandemic. The...
