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...
The Investment Aid 2021 Regulations were published by Legal Notice 156 of 2021. They provide for assistance in the form of a tax credit (which may be claimed against future tax bills) or a cash grant to undertakings carrying on or intending to carry out a 'qualifying...
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...
