Tax rebate for pensioners rules revised
Changes to the Tax Rebate (Pensioners) Rules (SL 123.179) were published in LN 6 of 2024 and apply to income earned on or after 1 January 2024....
16 January 2024
Tax exemption thresholds for pensions revised (2024)
The Pensions (Tax Exemption) Rules have been updated by LN 5 of 2024. The revised rules, which update the exemption thresholds for pensions income, entered into effect from 1 January 2024....
16 January 2024
AMENDMENT TO THE DEDUCTION (INCOME FROM EMPLOYMENT) RULES
The Deduction (Income from Employment) Rules have been revised by LN 1 of 2024 increasing the income threshold of €10,535 in Rule 2 to €11,620. The new rules apply with effect from YA 2025. ...
10 January 2024
DAC 6 – Annual Notification Form to be submitted by non-disclosing intermediaries
The MTCA has announced that the Annual Notification for non-disclosing intermediaries which is due by 29th February 2024 is available for download here. Notifications are to be made by sending a signed copy of the completed document together with the Excel file to mdr.mfin@gov.mt....
8 January 2024
Updated guidance on NID Rules
The MTCA has published updated guidance in relation to the Notional Interest Deductions Rules....
29 December 2023
Deductions in respect of intellectual property and intellectual property rights
The Commissioner for Tax and Customs has announced that, with effect from the period covered by the year of assessment 2024, any expenditure of a capital nature incurred on Intellectual Property or Intellectual Property Rights may, at the option of the person that has incurred...
29 December 2023
Increase in tax credit allowance for costs of therapy for children with disability
Further to the announcement in the budget for 2024, the Tax Credit (Costs of Therapy Provided to Children with Disability) Rules, have been revised (LN 296 of 2023) to increase the allowance from eur200 to eur500 with effect from Year of Assessment 2025....
18 December 2023
DAC 7 Guidelines updated
The Malta Tax & Customs Administration has published Version 1.3 of the DAC 7 guidelines (Platform Operators) with updates to Section 2.5. View the guidelines here....
15 December 2023
Nomad Residence Permit Income Tax Rules
Rules governing the taxation of holders of a Nomad residence permit have been published by LN 277 of 2023. The rules establish that permit holders will be chargeable to income tax at the rate 10% on chargeable income derived from “authorised work” as defined, subject to...
11 December 2023