2020 Annual Average Exchange Rates of the Euro
The Office of the CfR has published the 2020 Annual Average Exchange Rates of the Euro. Click here for details....
27 May 2021
YA2021 Tax Return for Companies
The Office of the Commissioner for Revenue has announced that the YA 2021 electronic income tax return for companies and supplemental document in case of a Fiscal Unit are now available on the CfR online services. Click here for further details. source: cfr.gov.mt...
21 May 2021
Co-operation with Other Jurisdictions on Tax Matters Regulations amended
The Co-operation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) have been revised. LN 213 of 2021 has introduced the following changes: an amendment to the definition of "Beneficial Owner" a change to Regulation 4 concerning the availability of ownership information of bodies of...
19 May 2021
Business Taxation for the 21st Century
The European Commission has adopted a Communication on Business Taxation for the 21st century to promote a robust, efficient and fair business tax system in the European Union. The Communication sets out both a long-term and short-term vision to support Europe’s recovery from the COVID-19 pandemic...
19 May 2021
DAC 2 / CRS / FATCA reporting deadline extended
The Office of the CfR has announced that due to the continued exceptional circumstances brought about by the COVID-19 pandemic that have created a challenging environment, an extension for the submission of the report containing Financial Account information relating to Reporting Year 2020 has been...
28 April 2021
YA2020 Returns for Fiscal Units
The office of the CfR has announced that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit is now available. source: cfr.gov.mt...
20 April 2021
AEOI Implementing Guidelines
Version 4 of the Implementing Guidelines on the Automatic Exchange of Financial Account Information is available for download from the CfR website. A guideline in relation to a change of reporting deadline for reporting year 2020 has also been published. ...
20 April 2021
Transfer Pricing – enabling provision
The Budget Measures Implementation Act has introduced an enabling provision in the Income Tax Act which empowers the Minister of Finance to enact rules in relation to transfer pricing. The new article 51 of the Income Tax Act states that such rules may provide for...
19 April 2021
Budget Measures Implementation Act 2021
The Budget Measures Implementation Act (Act XVIII of 2021) was published on 16th April 2021. The Act amends: Part II: Customs Ordinance Part III: Income tax Act Part IV: Social Security Act Part V: Duty on Documents and Transfers Act (click here to view an overview of the changes) Part VI: Motor...
19 April 2021