Amendment to the Income Tax Exemption Order

Widow's Pension and Survivor's Pension have been added to the list of allowances and benefits which are exempt from income tax pursuant to the Income Tax Exemption Order (LN 19 of 2024)...

Malta-Switzerland Double Tax Agreement

LN 15 of 2024 notified that the Protocol amending the Double Taxation Agreement between the Government of Malta and The Swiss Confederation published as a Schedule to Legal Notice 198 of 2021 (see MIT News 1 May 2021) shall be deemed to have come into...

Updated guideline on Article 6 ITA

The guidelines on the application of Article 6 of the Income Tax Act (CAP 123), in terms of which an Investment Services or Insurance Expatriate, as defined, may opt to be exempted from tax on income relating to certain personal expenses, which would otherwise be...

Amendment to Transfer Pricing Rules

Rule 1 of the Transfer Pricing Rules has been revised by LN 9 of 2024. A new proviso to Rule 1 provides that the Rules shall apply, in the case of arrangements entered into before 1st January 2024 and which were not materially altered on or...

Taxation of Income from Artistic Activities Rules

LN 8 of 2024 sets out the criteria and limitations that apply to the 7.5% reduced rate of tax on income from artistic activities enabled pursuant to article 56(26A) of the Income Tax Act. The rules, which apply to income derived by an individual on...

MTCA legislative Update 1 of 2024

The MTCA has published Legislative Update 1, summarising the legislative developments in tax in November and December 2023....

Tax rebate for pensioners rules revised

Changes to the Tax Rebate (Pensioners) Rules (SL 123.179) were published in LN 6 of 2024 and apply to income earned on or after 1 January 2024....

Tax exemption thresholds for pensions revised (2024)

The Pensions (Tax Exemption) Rules have been updated by LN 5 of 2024. The revised rules, which update the exemption thresholds for pensions income, entered into effect from 1 January 2024....