The AGM of the Malta Institute of Taxation will be held on online on Thursday 27 June 2024 at 4.00pm. The AGM will be preceded by: - Presentation by Piergiorgio Valente, Former President of CFE Tax Advisers Europe and current Executive Board Member of CFE Tax Advisers...
The electronic corporate income tax return for year of assessment 2024 is now available on MTCA's online services. The supplemental document in case of a Fiscal Unit is also available for download. For this year of assessment the notable changes to the tax return are: TRA 63...
Regulation 6 of the 'European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations' has been revised by Legal Notice 130 of 2024 with effect from 20 February 2024, as follows: in Regulation 6(1), the words "regulation 2(7)" has...
This week'e edition of the CFE Tax Top 5 looks at the following: EU Council of Ministers Approves FASTER Directive U.S. Will Not Support Global Minimum Wealth Tax: Secretary of Treasury CFE – Accountancy Europe Members’ Only Webinar: New EU AML Rules – What Changes...
The online service for the filing of the Personal Income Tax for YA 2024 (basis year 2023), is now enabled - see MTCA announcement....
Further to the repeal of article 74 of the VAT Act with the Budget Measures Implementation Act, the Malta Tax & Customs Administration (MTCA) has issued Guidance clarifying that the income tax treatment of interest paid pursuant to the provisions the VAT Act has, with...
Artificial Intelligence (AI) applications have are rapidly permeating and revolutionising various industries, and the tax sector is no exception. Streamlining of processes, data analysis to predict trends, automation of tasks and enhanced compliance through identification of errors are some of the areas which have been...
The MTCA has published a Guideline on the interpretation of one of the conditions for the exemption granted under article 5A(4)(c) of the Income Tax Act on the transfer of a dwelling house. View here....
The guidelines on the application of Article 6 of the Income Tax Act (CAP 123), in terms of which an Investment Services or Insurance Expatriate, as defined, may opt to be exempted from tax on income relating to certain personal expenses, which would otherwise be...
