On 26 October 2026, the Minister for Finance and Employment, the Hon Clyde Caruana, delivered the Budget Speech for 2027. Download the Budget Speech here The following is an overview of some of the fiscal measures announced: INCOME TAX → Widening of the individual's Income Tax brackets over...
As of 1 November 2026, a €2 Union handling fee, introduced by the new EU Customs Code published on 16 September, will apply. Guidance on this fee are now included on the previous guidance document on the €3 customs duty. Click here for the updated guidance....
The EU Commission has issued a proposal to extend the application of the anti-fraud measures in articles 199a and 199b of the VAT Directive, which expire in June 2026, until 2030. The optional Reverse Charge Mechanism and Quick Reaction Mechanism allow Member States to apply the...
The EU list of non-cooperative jurisdictions was updated on 9 October 2026. Panama and Viet Nam have been removed from Annex I and moved to Annex II. Belize has been removed from Annex II. Annex I now lists the following: American Samoa, Anguilla, Guam, Palau, the Russian Federation,...
The Ministry for Finance has published the Pre-Budget Consultation Document. It has been announced that the Budget for 2027 will be presented on 26 October 2026. ...
The MTCA has published guidelines detailing the transitory measures which apply when determining the VAT treatment of supplies made during the period of transition upon a legislative change to the classification of supplies from taxable to VAT exempt. The guidelines also set out the method...
The European Commission has launched a consultation on how VAT rules can be adapted to better support circular business models. The focus is on three key areas: the treatment of second-hand goods, donation vs destruction of viable goods, and the VAT deduction rules for passenger...
The Protocol amending the Double Taxation Agreement between the Malta and Romania for the avoidance published as a Schedule to Legal Notice 97 of 2026 shall, pursuant to LN 251 of 2026, be deemed to have come into force on 22nd of May 2026....
LN 250 of 2026 has revised the Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order (SL 364.15), extending the reduced rate of duty to transfers causa mortis of qualifying assets where it can be proved that there existed a...
