Fiscal Unit guidelines updated
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...
19 February 2021
Capital allowances – car parks
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...
19 February 2021
Tax rebate on private residential leases
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...
11 February 2021
REQs 2021
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...
10 February 2021
Tax exemption threshold for voluntary organisations increased
Pursuant to LN 39 of 2021, the Enrolled Voluntary Organisations (Tax Exemption) Rules (SL 123.190) have been revised. In terms of the changes, which apply as of year of assessment 2022, the tax exemption in terms of Rule 3 applies to enrolled organisations whose turnover for...
7 February 2021
Highly Qualified Persons rules amended
LN 29 of 2021 introduced changes to the HQP Rules [SL 123.126], namely: Allowing persons who apply to benefit under the HQP Rules to be eligible for two further extensions (instead of one, as previously applied) of 5 years (EEA and Swiss nationals) or 4...
2 February 2021
DAC 6 Reporting Deadlines update
The Office of the CfR has announced an update to the upcoming reporting deadlines: Cross-border arrangements where the trigger point for reporting took place between 1 July 2020 and 31 December 2020 - Monday 1 February 2021. Reportable cross-border arrangements the first step of which was...
29 January 2021
DAC6 Reporting Excel Spreadsheet now available
The Office of the CfR has announced that the personalised excel spreadsheet enabling submission of DAC6 reports by reporting entities not having the facility to upload an XML data file is now available for download. Persons duly registered for DAC6 reporting can access the excel spreadsheet...
26 January 2021
DAC 6 Reporting service now available
The office of the Commissioner for Revenue has announced that access to submit DAC6 reports in XML format is now available through the CfR online portal. A personalised excel spreadsheet will be available for download in the coming days to enable reporting by those reporting entities not...
22 January 2021