MTCA Manual on Return Attachments
The Malta Tax & Customs Administration (MTCA) has published a Manual on the Return Attachment (RA) Forms. View the manual here....
1 December 2023
Taxation of gains or profit from activities carried out in an Exclusive Economic Zone
The Proviso to Article 4(1) of the Income Tax Act (CAP 123) has been revised by Act XXXV of 2023 to stipulate that income or capital gains arising from activities carried out in an exclusive economic zone area deemed to be carried out in Malta...
22 November 2023
Extension of tax credits for qualifying industry qualifications
The Deductions and Tax Credit (Relevant Qualifications for Industry) Rules, which offer a tax credit for students successfully completing qualifying courses as determined by Malta Enterprise, have been revised by LN 266 of 2023, extending their application to courses commencing before 31 December 2024 (extended...
15 November 2023
Crypto-Asset Reporting Framework
The MTCA has announced that Malta has agreed to the Proposal for a Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC 8) (See MIT News 17 October 2023), and, to the Standard concerning the automatic exchange of information agreed...
13 November 2023
Budget Measures Implementation Bill
The Budget Measures Implementation Bill - a bill to implement Budget Measures for the Financial Year 2024 and other administrative measures - has been published. View here. The Bill proposes amendments to: the Customs Ordinance Cap. 37 the Social Security Act Cap. 318 the Value Added...
31 October 2023
Malta Budget 2024
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2024. The following is an overview of some of the fiscal measures announced: A tax credit of a maximum of €500 on donations made by businesses to voluntary organisations...
30 October 2023
MTCA Guidance note on UK Recognised Stock exchanges
The Malta Tax & Customs Administration has issued a guidance note which lists the UK regulated markets that are recognized by the Commissioner for the purposes of the Income Tax Acts and the Duty on Documents and Transfers Act. View here. This complements the guidance issued...
19 October 2023
CFE Tax Top 5 (17 October 2023)
This week's edition of the CFE Tax Top 5 looks at the following: OECD Publishes Text of Pillar One Treaty; U.S. Not Ready to Sign It Yet EU Set to Adopt e-Assets Tax Reporting Rules & Update EU Blacklist CFE Statement on Interest Payable on...
18 October 2023
MTCA Transfer Pricing Training
The Malta Tax and Customs Administration (MTCA) in collaboration with the Malta Institute of Accountants, the Malta Institute of Taxation, the Institute of Financial Services Practitioners, the Malta Institute of Management and the Chamber of Advocates, is organising three events on Transfer Pricing - a...
18 October 2023