LN 120 of 2022 has amended the Schedule to the Income Tax Exemption Order, adding to the list of benefits and allowances eligible for an exemption from income tax: benefits in respect of injury at work, sickness benefits, unemployment and special unemployment benefits and orphans...
The Qualifying Employment in Aviation (Personal Tax) Rules (SL 123.168) have been revised by LN 104 of 2022. The Legal Notice revises the definition of "artificial arrangement", and also the time periods in Rule 6....
The Office of the CfR has published the contact details of the designated Competent Authority in relation to specific areas, including DAC, exchange of information and mutual agreement procedures under Tax Treaties. Click here for details. source: cfr.gov.mt...
Pursuant to LN 99 of 2022, the rate of interest chargeable under article 44 (2A) of the Income Tax management Act, for any period or part thereof commencing on or after 1 June 2022, is 0.6%....
A new proviso has been added to Rule 14 of the Payment of Provisional Tax (P.T.) Rules (SL 372.18) pursuant to Legal Notice 99 of 2022 which provides that the additional tax payable in respect of late payment of PT shall be charged, for any period or part...
The Pensions (Tax Exemption) Rules 2022 were published on 4 March 2022 (LN 98 of 2022). The rules set out the exemption thresholds for pensions income derived by an individual on or after 1 January 2022. UPDATE: Revised by LN 220 of 2022 ...
The EU Council has reviewed the EU list of non-cooperative jurisdictions for tax purposes. American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu remain on the list and no new countries have been added. The Council conclusions on the revised list...
Amount A of Pillar One introduces a new taxing right over a portion of the profit of large and highly profitable enterprises for jurisdictions in which goods or services are supplied or consumers are located. The OECD has launched a public consultation on the model...
The Budget Measures Implementation Act (Act VII of 2022), implementing Budget Measures for the Financial Year 2022 and other administrative measures, was published on 8 February 2022....
