Developments are expected at the 14 May 2024 ECOFIN meeting where Council will be seeking political agreement on two measures: the VAT in the Digital Age (ViDA) Package (see MIT News 8 December 2022) the proposal to make the relief of excess withholding taxes faster...
The MTCA has published Legislative Update 3 of 2024, which gives an overview of subsidiary legislation issued under the Income Tax Acts between January and April 2024. source: cfr.gov.mt...
Taxpayers are reminded of the following 30 April 2024 deadlines: 15% Tax on Rental Income - TA24 10% Tax on Part-Time Self-Employment - TA 22 Provisional Tax and Social Security Contributions - PT1 For information on Online Payments to the Malta Tax & Customs Administration (MTCA),...
The second edition of the MIT VAT Practitioners’ Forum was held on 9 April 2024 at the Hyatt Regency Malta, St. Julian's. Organised by the MIT’s Indirect Tax Technical Committee, the theme of this year's forum was 'Input Tax Deductions', and the focus was the...
Rules concerning tax credits for companies making cash donations to enrolled voluntary organisations operating directly in the field of social, environmental or animal welfare were published by Legal Notice 86 of 2024. In terms of the rules, the allowable tax credit for any year of assessment...
This week's edition of the CFE Tax Top 5 looks at the following: EU – US AI Research Alliance & Report on “AI For Public Good” EU Opens Investigations Into Tech Companies Under DMA OECD Publishes 6th Peer Review Report on Prevention of Treaty Shopping CFE...
The Budget Measures Implementation Act – Act XIII of 2024 – has been published. View here. The Act amends: the Customs Ordinance Cap 37 the Income Tax Act. Cap 123 the Central Bank of Malta Act Cap 204 the Social Security Act Cap 318 the Duty...
The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of custody of securities. View here. Read more [...
The Malta Tax & Customs Administration has published guidance on the submission of final withholding tax forms (TA22, TA23 & TA24) via the MyTAX portal at https://mtca.gov.mt Download the MTCA presentation here....
