The MTCA has announced the publication of guidance on the 7.5% rate of tax applicable to income from certain artistic activities pursuant to article 56(26A) of the Income Tax Act (CAP 123). Guidance on the scope of the reduced rate, eligibility and the application process...
Earlier today, 12 September 2023, the European Commission adopted a package of initiatives intended to reduce tax compliance costs for large, cross-border businesses in the EU. The Proposal for a Council Directive on Business in Europe: Framework for Income Taxation (BEFIT) establishes a common set of rules...
The Office of the Commissioner for Tax & Customs has published guidelines on the interpretation and application of the exemptions for healthcare and medical professional services provided for in items 1 and 2 of Part 2 to the Fifth Schedule of the VAT Act. The guidelines...
This week's edition of the CFE Tax Top 5 looks at the following: United Nations Assert Greater Role In International Tax Affairs CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution for Tax Practice, Policy and Administration?” OECD Working Paper on Taxation of Labour...
The Malta Tax & Customs Administration (MTCA) has announced that Version 1.1 of the DAC 7 guidelines has been issued with updates to Section 6.1. View the updated guidelines here....
The Commissioner for Tax and Customs has announced that as from 21 August 2023, documents that are required to be submitted to the Malta Tax & Customs Administration (MTCA) in paper format with a wet ink signature, will also start to be accepted in soft...
This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament Subcommittee on Tax Matters’ Fact Finding Mission in Singapore CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution for Tax Practice, Policy and Administration?” OECD Guidance on Mitigating Illicit...
The OECD has released a public consultation document which outlines the design elements of Amount B under Pillar One and is seeking input from stakeholders on the technical aspects of Amount B, concerning the application of the arm’s length principle to in-country baseline marketing and...
The Malta Tax and Customs Administration has announced that the deadline for the electronic filing and payment of income tax returns for individuals (YA 2023) has been extended to 4 August 2023. source: cfr.gov.mt ...
