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
CESOP Regulations published
Regulations transposing the provisions of Article 1 of Directive 2020/284 EC amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers have been published by means of LN 272 of 2023. The Regulations, which enter into force on 1 January 2024, require payment service providers...
24 November 2023
MIT hosts 2023 Annual Tax Conference
The MIT hosted its 2023 Annual Tax Conference over three days - 28 September, 20 October and 14 November. With the overarching theme of 'Change', this 3-part event addressed the significant changes taking place both at a global level and domestically, and the impact of these...
22 November 2023
CFE Tax Top 5 (20 November 2023)
This week's edition of the CFE Tax Top 5 looks at the following: Momentum Builds Behind Africa Group Initiative for UN Tax Convention EU Commission Commences Infringement Proceedings Against Belgium for Treatment of Non-Resident Taxpayers 48 Countries to Implement OECD Tax Transparency Standards for Crypto-Assets...
22 November 2023
Transactions within the Exclusive Economic Zone within the scope of Malta VAT
Act XXXV of 2023 has amended the definition of 'Malta' for the purposes of the VAT Act (CAP 406) to include the 'Exclusive Economic Zone' and now reads: "the Island of Malta, the Island of Gozo and the other islands of the Maltese Archipelago, including...
22 November 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