CfR Manual on Taxation of Rental Income
The CfR Manual on Taxation of Rental Income as at March 2023 is available here....
10 April 2023
Tax Credit for costs of therapy for children with disability
The Tax Credit (Costs of Therapy provided to Children with Disability) Rules, 2023 were published on 4 April 2023. The rules provide for a tax credit of eur200 in connection with qualifying costs incurred in the year immediately preceding the year of assessment commencing on or...
6 April 2023
Budget Measures Implementation Act Published
The Budget Measures Implementation Act - Act XII of 2023 - was published on 4 April 2023. The Act revises the following legislation: the Customs Ordinance the Income Tax Act the Social Security Act the Motor Vehicles Registration and Licensing Act the Income Tax Management Act ...
6 April 2023
Filing Deadlines this month
A reminder that Manual Corporate Income Tax returns and all tax payments for FY ending 31 January 2022 - 30th June 2022 must reach the Office of the Commissioner for Revenue by 31st March 2022 (visit cfr.gov.mt) ...
20 March 2023
Changes to the Tax Rebate for Pensioners rules
Changes to the Tax Rebate (Pensioners) Rules (SL 123.179) were published in LN 49 of 2023 applicable to income earned on or after 1 January 2023....
9 March 2023
Tax exemption thresholds for pensions revised
The Pensions (Tax Exemption) Rules have been updated by LN 48 of 2023. The revised rules, which enter into effect from 1 January 2023, update the exemption thresholds for pensions income derived by an individual on or after 1 January 2022....
9 March 2023
Corporate Tax Return E-filing dates
The extended deadlines for the e-filing of corporate tax returns have been published by the Office of the CfR - view here. ...
9 March 2023
DAC 6 Annual Notification
The Office of the CfR has announced that the Annual Notification due by 31st March 2023 is available for download - view here. Notifications shall be made by sending a signed copy of the completed document together with the Excel file to mdr.mfin@gov.mt...
9 March 2023
DAC 6 – Guideline on the waiver of reporting obligation
Further to the decision of the CJEU in case C-694/20 (See MIT News 9 December 2022) the Commissioner for Revenue has issued a guideline on the consequences of the judgement - view here. In addition V1.2 of the DAC6 guidelines has been issued with updates to Section...
9 March 2023