The Research & Development Regulations 2020 (LN 346 of 2020) were published on 26 August 2020. In terms of the Regulations, which apply retroactively from 1 March 2020, the Malta Enterprise Corporation may assist undertakings that require assistance to carry out Research and Development projects (as...
The COVID-19 Temporary Support Measures Regulations, 2020 were published on 25 August 2020 in virtue of LN 345 of 2020, with effect from 1 April 2020. The Regulations authorise the Malta Enterprise Corporation to provide assistance to eligible undertakings which require support to sustain, preserve and...
The deadline for applying for fiscal unity in respect of the Year of Assessment 2020 has been extended from 31 August 2020 [see the Guidelines in relation to the Consolidated Group (Income Tax) Rules] to 30 September 2020. See CfR announcement here. ...
The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules (See MIT News 17 June 2020) and the Covid19 Wage Supplement. The revised forms can be downloaded at this link. Guidance on...
Further to the announcement by the Office of the CfR in connection with the extension of the reporting deadlines under regulation 13 of the Cooperation with other Jurisdictions on Tax Matters Regulations (SL 123.127) (see MIT News 2 July 2020), the Cooperation with Other Jurisdictions...
The Office of the CfR has updated the guidelines concerning the deferral of certain taxes, one of the measures announced in March 2020 to assist businesses that suffered a significant downturn in their turnover as a result of the economic constraints arising from the coronavirus pandemic. The...
The Office of the Commissioner for Revenue has announced that those individuals whose Tax Return is usually submitted by the end of June have until the end of August to submit their return. This applies to Tax Returns sent by post or using the online facility. We...
LN 284 of 2020 amends the Tax Rate (Construction Waste Recycling) (2020 - 2023) Rules. The rules, which have been renamed the Tax Exemption (Construction Waste Recycling) (2020 - 2023) Rules now provide in Rule 3 that: "Income derived by an authorised person from qualifying services...
The Deductions and Tax Credits (Relevant Qualifications for Industry) Rules (S.L. 123.107) have been revised (LN 283 of 2020), effectively extending the application of the rules to relevant educational courses commencing before 31 December 2023. The Deductions and Tax Credits (Relevant Qualifications for Industry) Rules (S.L....
