DAC6 XML Schema & User Guide

The Office of the CfR has announced that the DAC6 XML Schema to be used for filing information in relation to reportable cross-border arrangements and the DAC6 XML Schema user guide are now available. These are available at this link.   source: cfr.gov.mt...

Extension of corporate tax return e-filing deadline

The office of the CfR has announced that the electronic filing deadline for year of assessment 2020 tax returns in respect of companies having a 31 December 2019 accounting year-end is being further extended to 16 December 2020.   source: cfr.gov.mt...

Malta authorised to apply increased threshold for small undertakings till 2024

In terms of Council Implementing Decision (EU) 2020/1662 of 3 November 2020 Malta's request to continue to apply a special measure derogating from Article 287 of Directive 2006/112/EC, and to increase the threshold for small undertakings, was acceded to. To date a €20,000 threshold applies to...

Malta-Russia Double tax Treaty revised

On 1 October 2020, Malta and Russia signed amendments to the Convention between the Government of Malta and the Government of the Russian Federation for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, which were published on 10...

Second Time Buyers Scheme extended

LN 427 of 2020 published on 10 November 2020 has amended the Duty on the Acquisition of the Second Immovable Property to be used as Sole Residence (Exemption) Order [LN 364.17], implementing the announcement in the Budget for 2020, extending the application of the order...

Extension of the Urban Conservation Area property scheme

LN 427 of 2020 published on 10 November 2020 has amended LN 364.16, implementing the announcement in the Budget for 2021, extending the application of article 3 by one year to transfers made on or after the 10th October 2017 but before the 1st January 2022.   Click...

Amendment to first time buyers duty exemption

Article 3 of the Exemption of Duty in terms of article 23 Order [SL 364.12], which deals with the exemption of duty on acquisition of first immovable property, has been revised in virtue of LN 427 of 2020, published on 10 November 2020, inter alia...

CfR Guide on Dispute Resolution Mechanism Regulations

The Office of the CfR has published a guidance note which is intended to provide a general overview of the European Union Dispute Resolution Mechanisms Directive Implementation Regulations (SL 123.191).   source: cfr.gov.mt...

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