The Commissioner for Tax and Customs has announced that, with effect from the period covered by the year of assessment 2024, any expenditure of a capital nature incurred on Intellectual Property or Intellectual Property Rights may, at the option of the person that has incurred...
LN 316 of 2023 has revised the Exemption from Duty in terms of Article 23 Order extending the deadlines in connection with the Exemption of duty on acquisition of residential property in Gozo....
Further to the announcement in the budget for 2024, the Tax Credit (Costs of Therapy Provided to Children with Disability) Rules, have been revised (LN 296 of 2023) to increase the allowance from eur200 to eur500 with effect from Year of Assessment 2025....
LN 289 of 2023 has extended the exemptions which apply in terms of: the Exemption of Duty in terms of Article 23 Order (SL 364.12) the Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order (SL 364.15) and the Duty...
The Malta Tax & Customs Administration has published Version 1.3 of the DAC 7 guidelines (Platform Operators) with updates to Section 2.5. View the guidelines here....
Rules governing the taxation of holders of a Nomad residence permit have been published by LN 277 of 2023. The rules establish that permit holders will be chargeable to income tax at the rate 10% on chargeable income derived from “authorised work” as defined, subject to...
The Payment of Tax Refunds by means of Electronic Transfers Rules have been published by LN 281 of 2023. The rules enable the Commissioner for Tax & Customs to effect the refund of tax due pursuant to article 48 of the Income Tax Management Act by...
The Malta Tax & Customs Administration (MTCA) has published a Manual on the Return Attachment (RA) Forms. View the manual here....
Regulations transposing the provisions of Article 1 of Directive 2020/284 EC amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers have been published by means of LN 272 of 2023. The Regulations, which enter into force on 1 January 2024, require payment service providers...
