The Exemption from Tax on certain Property Transfers Rules (SL 123.199) have been revised (LN 129 of 2021), extending the application of the rules to transfers made before 1 August 2021....
The COVID-19 Fiscal Assistance has been extended to cover eligible taxes (as defined) due up until December 2021. The updated guidance provides that settlement of eligible taxes will start from May 2022. The deadline for submission of an application for a tax deferral (via the Malta Enterprise website ) is...
Act VIII of 2021 was published on 12 March 2021 (enacting Bill 199 - see MIT News 26 February 2021). The Act introduces a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add...
The Double Taxation Relief on Taxes on Income with the Republic of Poland Order has been revised pursuant to LN 64 of 2021. The amendments shall enter into force on such date as may be announced by notice in the Gazette. See MIT News 10 April 2022. Updated 10...
Bill 199 published on 25 February 2021 proposes a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add Tax Act The stated objects and reasons of the Bill are to amend a number...
The Guidelines in relation to the Consolidated Group (Income Tax) Rules have been updated. The revised guidelines can be accessed at this link Source: cfr.gov.mt...
A guidance note on capital allowances in respect of car parks has been published by the Office of the CfR. The note clarifies the definition of “industrial building or structure” in article 2 of the Income Tax Act and provides that once a car park falls...
The Office of the CfR has announced that persons who derive income from a private residential lease which is registered with the Housing Authority as a long lease, are eligible for a tax rebate against the tax chargeable on such rental income. The rebate is applicable...
The 2021 Risk Evaluation Questionnaires (“REQs”) will be available for completion by subject persons as from 1st March 2021 on the Compliance and Supervision Platform for Assessing Risk (CASPAR) System. The submission deadline for Tax Advisors is 21st April 2021. A copy of the revised 2021 REQs per...
