The Agreement between the government of the republic of Malta and the government of the republic of Ghana for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has been published in virtue of LN 23 of...
LN 22 of 2020 has revised the Deduction (Income from Employment) Rules (S.L. 123.149), increasing the annual income requirement threshold from €9,700 to €9,840. The revised provision applies with effect from YoA 2021....
The Office of the Commissioner for Revenue has announced an adjustment to the contributions rates for the basis year 2020, specifically, to the basic salary threshold of category 'D' for those persons born up to 31 December 1961. The revised rates applicable as of 1 January 2020 for...
On 30 January 2020 the MIT held an internal Think-Tank session for the members of the MIT Direct Tax Committee, the MIT Professional Affairs Committee and the MIT Council, on the mandatory disclosure rules for tax intermediaries and the Anti-Hybrid rules which have been transposed...
[Updated on 29.01.2020] The Office of the CfR has published guidance on one of the measures announced with the budget for 2020 concerning the taxation of income derived from assignments of rights acquired under a promise of sale agreement (ċessjoni ta’ konvenju). In terms of this measure,...
Further to the relocation of the offices of the International Tax Unit (to be known as the International & Corporate Tax Unit - ICTU), the new general contact number for the ICTU is 22582200. ...
The Office of the CfR has announced that as of 20th January, 2020 the GBP correspondent bank will be changed from HSBC BANK PLC to “J.P. Morgan AG, Frankfurt”. The new related bank account number and SWIFT code are 59012724 and CHASDEFX, respectively. The bank accounts held by the...
LN 348 of 2019 published on 24 December 2019, implements the provisions of EC Directives 2016/1164 (ATAD I) and 2017/952 (ATAD II) concerning hybrid mismatches, revising the European Union Anti-Tax Avoidance Directives Implementation Regulations (LN 411 of 2018). The amendments entered into effect on 1 January 2020, with...
The Office of the Commissioner for Revenue has announced that the offices of the International Tax Unit have moved to AM Business Centre, Triq il-Labour, Zejtun ZTN 2401. This is the same premises occupied by the Malta Business Registry. Furthermore, with effect from the 3rd of February,...
