This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Adopts Regulation on Tax Transparency EU Parliament MEs Adopt Position on EU AML Legislation International Fiscal Association Invites Views on Tax Avoidance in Advance of European Conference (5 – 7 July) ...
Further to an amendment to article 31F of the Income Tax Act (CAP 123) introduced with the Budget Measures Implementation Act 2023, royalties derived on or after 1 January 2023 by an individual in his capacity as author of a qualifying literary work by virtue of...
The Budget Measures Implementation Act 2023 has amended the Income Tax Act (CAP 123) increasing, as of Year of Assessment 2024, the amount allowable as a deduction against taxable income in relation to fees paid for qualifying sporting activities (Article 14E) and qualifying cultural activities...
LN 63 of 2023 has revised the Donations (Community Chest Fund) Rules, deleting Sub-rule (2) of rule 2....
The Exemption from Tax on Certain Property Transfers Rules (SL 123.199) have been revised by LN 77 of 2023....
Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12) has been revised by LN 76 of 2023....
The CfR Manual on Taxation of Income from Part Time Work, as at 27th March 2023, is available here....
The CfR Manual on Taxation of Rental Income as at March 2023 is available here....
The Budget Measures Implementation Act of 4 April 2023 has increased the administrative penalty for failure to submit Recapitulative Statements to eur50 per month of default (currently eur10), capped at eur600 per statement (currently eur120). The Act has also introduced an enabling provision (a new art. 55A)...
