LN 304 of 2019 published on 19 November 2019, amends the Payment of Provisional Tax Rules (S.L. 372.18). A new proviso to Rule 14(1) provides that in respect of periods commencing on or after 1 January 2020, additional tax due in relation to late payment of provisional...
LN 304 of 2019 published on 19 November 2019, amends the Income Tax (Rate of Interest) Rules (S.L. 372.28). A new proviso to Rule 2 provides that in respect of any period commencing on or after 1 January 2020, the rate of interest applicable in terms of...
LN 282 of 2019, published on 5 November 2019, revised the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules (S.L. 123.141). In terms of article 1(2) of the amending rules, the amendments shall be deemed to have come into force on 1st January 2019. The amended provisions include,...
The Guidelines in relation to the Notional Interest Deduction rules have been revised and a new paragraph has been added to the rules. The new paragraph (xii) entitled: Attribution of the Deemed Interest Income on Alternative Bases reads as follows: In terms of the proviso to sub-rule...
LN 280 of 2019 has notified the entry into force, on 20 September 2019, of the Convention between the Government of the Republic of Malta and the Government of the Republic of Kosovo for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion...
These are some of the main fiscal measures announced by the Minister for Finance in the Budget Speech for 2020: Income Tax A reduced rate of tax of 15% on the first 100 hours of employee overtime, for employees with a basic salary of under €20,000. ...
This week's edition of the CFE Tax Top 5 looks at the following: OECD Officials' 'Back to School' In-Tray: Digital Tax - New Proposals due 17 October Brussels: Vestager on Digital Tax, EU's Carbon Tax Commitments and EU Parliament hearings CFE Tax Advisers Europe sets...
This week's edition of the CFE Tax Top 5 looks at the following: Discussions on Digital Tax and Tariffs at G7 meeting Draft DAC 6 implementing legislation published in multiple Member States Reminder: 12th European Conference on Tax Adviser's Professional Affairs on AML Directives UK...
On 18 February 2019, the MIT hosted Prof Alexander Rust from the Vienna University of Economics and Business, who led a Master Class on Controlled foreign company rules under the Anti-Tax Avoidance Directive: interaction with EU fundamental freedoms and the potential effects on tax planning. A report...
