At the meeting of the ECOFIN Council of 5 November 2024, agreement was reached on the VAT in the Digital Age package (see MIT News 8 December 2022). After nearly two years of negotiations, agreement was reached on a compromise proposal which addresses: Digital Reporting Requirements Mandatory...
Further to the Budget for 2025 announced on 28 October 2025, the Budget Measures Implementation Bill has been published. The bill proposes amendments to: Part II Amendment to the Customs Ordinance. Cap. 37. Part III Amendments to the Income Tax Act. Cap. 123. Part IV...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes DAC9 Proposal for a Central Filing Mechanism for Pillar 2 Reporting New EU Tax Priorities: Insights from Commissioner-Designate Wopke Hoekstra’s Q&A for Confirmation Hearing ECOFIN: Political Agreement Expected This Week on...
On 28 October 2024 the EU Commission adopted a proposal to amend the Directive on administrative cooperation in the field of taxation (Directive 2011/16/EU). The DAC9 proposal is linked to the filing obligations imposed under the Pillar 2 Directive (Directive (EU) 2022/2523), which aims to ensure a...
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2025. The following is an overview of some of the fiscal measures announced: → The income tax brackets for individuals (single, married and parent computations) will be widened, which is...
The Malta Tax & Customs Administration has published a new Guidance Note in Relation to the Taxation of Insurance Businesses Following the Adoption of IFRS 17 Insurance Contracts Rules. View the guidance here....
This week's edition of the CFE Tax Top 5 looks at the following: EU Experts Call for Tax Simplification & Competitiveness at FISC Hearing UN Tax Committee Addresses Digitalisation, Double Taxation and Capacity Building at 29th Session Executive Vice-President Vestager Highlights Digital Economy Challenges &...
The IFSP’s CSP Certificate Course will run from 19 November 2024. Click on the link for further details....
The EU list of non-cooperative jurisdictions was updated on 8 October 2024, with Antigua and Barbuda removed from Annex I after being granted a supplementary review by the Global Forum on Tax Transparency and Exchange of Information for Tax Purposes, and placed in Annex II...
