The MTCA has published guidance on the scope and application of the reduced rate of 12% introduced with effect from 1 January 2024 for the short term hiring of pleasure boats. View here....
Payment service providers whose home Member State or host Member State is Malta, and who have an obligation to register for CESOP, have been granted a one-time extension of the registration deadline from 25 January 2024 to 16 February 2024. Visit the MTCA CESOP portal for...
Amendments to the Fifth Schedule Parts 1, 3 and 4 of the VAT Act were introduced by LN 12 of 2024. The changes exempt (zero-rate) supplies to recognised non-profit making organisations of devices and aids, including related goods, which are essential to compensate or overcome...
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...
The MTCA has announced that Registration of a PSP for CESOP purposes by a user (PSP representative or tax practitioner) having a Maltese e-ID is now available. View here. The registration deadline for payment service providers whose home Member State or host Member State is Malta...
Rule 1 of the Transfer Pricing Rules has been revised by LN 9 of 2024. A new proviso to Rule 1 provides that the Rules shall apply, in the case of arrangements entered into before 1st January 2024 and which were not materially altered on or...
LN 8 of 2024 sets out the criteria and limitations that apply to the 7.5% reduced rate of tax on income from artistic activities enabled pursuant to article 56(26A) of the Income Tax Act. The rules, which apply to income derived by an individual on...
The MTCA has published Legislative Update 1, summarising the legislative developments in tax in November and December 2023....
This week's edition of the CFE Tax Top 5 looks at the following: OECD Release Updated Assessment of Impact of Global Minimum Tax Tax Priorities of the Belgian Presidency of the Council of EU EU Commission Publishes FAQs on EU Minimum Tax Directive Next Meeting...
