The Commission has decided to extend to temporary waiver of customs duty and VAT on the importation of medical and protective equipment used in the fight against COVID-19 until 31 December 2021. The relief was originally introduced in April 2020 and was extended to apply to...
The office of the CfR has announced that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit is now available. source: cfr.gov.mt...
The Budget Measures Implementation Act has introduced an enabling provision in the Income Tax Act which empowers the Minister of Finance to enact rules in relation to transfer pricing. The new article 51 of the Income Tax Act states that such rules may provide for...
The Budget Measures Implementation Act (Act XVIII of 2021) was published on 16th April 2021. The Act amends: Part II: Customs Ordinance Part III: Income tax Act Part IV: Social Security Act Part V: Duty on Documents and Transfers Act (click here to view an overview of the changes) Part VI: Motor...
The Investment Aid 2021 Regulations were published by Legal Notice 156 of 2021. They provide for assistance in the form of a tax credit (which may be claimed against future tax bills) or a cash grant to undertakings carrying on or intending to carry out a 'qualifying...
The new VAT rules for B2C e-commerce come into effect on 1 July 2021. The rules impact online sellers, online market places/platforms, postal operators and couriers as well as consumers. The European Commission has launched a dedicated portal which provides information on the new rules, and...
The Commission has proposed the introduction of a VAT exemption on goods and services made available by EU bodies and agencies to Member States and citizens during times of crisis. The measure would allow the Commission and other EU agencies and bodies to import and purchase,...
Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12) has been revised (LN 130 of 2021), inter alia extending its application to transfers of immovable property inter vivos made before 1 August 2021 (previously 1 April 2021)....
The Exemption from Tax on certain Property Transfers Rules (SL 123.199) have been revised (LN 129 of 2021), extending the application of the rules to transfers made before 1 August 2021....
