MTCA publishes legislative update
The MTCA has published Legislative Update 3 of 2024, which gives an overview of subsidiary legislation issued under the Income Tax Acts between January and April 2024. source: cfr.gov.mt...
23 April 2024
End of April Tax Deadlines
Taxpayers are reminded of the following 30 April 2024 deadlines: 15% Tax on Rental Income - TA24 10% Tax on Part-Time Self-Employment - TA 22 Provisional Tax and Social Security Contributions - PT1 For information on Online Payments to the Malta Tax & Customs Administration (MTCA),...
22 April 2024
MIT VAT Practitioners’ Forum 2024
The second edition of the MIT VAT Practitioners’ Forum was held on 9 April 2024 at the Hyatt Regency Malta, St. Julian's. Organised by the MIT’s Indirect Tax Technical Committee, the theme of this year's forum was 'Input Tax Deductions', and the focus was the...
16 April 2024
Tax Credit for Donations to Voluntary Organisations
Rules concerning tax credits for companies making cash donations to enrolled voluntary organisations operating directly in the field of social, environmental or animal welfare were published by Legal Notice 86 of 2024. In terms of the rules, the allowable tax credit for any year of assessment...
13 April 2024
CFE Tax Top 5 (8 April 2024)
This week's edition of the CFE Tax Top 5 looks at the following: EU – US AI Research Alliance & Report on “AI For Public Good” EU Opens Investigations Into Tech Companies Under DMA OECD Publishes 6th Peer Review Report on Prevention of Treaty Shopping CFE...
10 April 2024
Budget Measures Implementation Act 2024
The Budget Measures Implementation Act – Act XIII of 2024 – has been published. View here. The Act amends: the Customs Ordinance Cap 37 the Income Tax Act. Cap 123 the Central Bank of Malta Act Cap 204 the Social Security Act Cap 318 the Duty...
2 April 2024
VAT Guidelines – 12% rate for custody of securities
The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of custody of securities. View here. Read more [...
1 April 2024
MTCA information on withholding tax in MyTAX
The Malta Tax & Customs Administration has published guidance on the submission of final withholding tax forms (TA22, TA23 & TA24) via the MyTAX portal at https://mtca.gov.mt Download the MTCA presentation here....
26 March 2024
CFE Tax Top 5 (19 March 2024)
This week's edition of the CFE Tax Top 5 looks at the following: European Parliament Adopts The World’s First AI Law CFE Opinion Statement on Engie Case: State Aid in Deduction/Non-Inclusion Structure in Luxembourg US House Hearing on Pillar 1 and Digital Taxes Register Now: CFE Forum –...
22 March 2024