Seed investment Scheme Income Tax Rules

The Seed Investment (Income Tax) Rules 2024 were published by LN 45 of 2024, repealing the  Seed Investment (Income Tax) Rules 2022 (See MIT News 20 December 2022). The new rules apply in respect of investments made as from basis year 2024 onwards and shall...

Online tax return deadlines

The MTCA has published the extended deadlines for submission of corporate tax returns online. Click here. As in previous years, the extensions apply to the return submission dates and not to the tax payment deadlines....

DAC 2 Guidelines Updated

The MTCA has announced the publication of Version 4.6 of the DAC 2 guidelines which contains updates to Appendix 1 and Appendix 2. View Version 4.6 here​....

EU List of non-cooperative jurisdictions

The EU List of non-co-operative jurisdictions has been updated, with Bahamas and Turks and Caicos Islands delisted and Belize and Seychelles moved to Annex II pending the results of a supplementary review by the Global Forum on Tax Transparency and Exchange of Information. The remaining counties...

MTCA Guidance on Global Minimum Tax

Further to the transposition of the Global Minimum Tax Directive into Maltese Law (See MIT News 23 February 2024) the MTCA has issued the following guidance note....

February VAT Return Deadline EXTENDED

The MTCA has announced an extension of the VAT Return deadline (VAT period October - December 2023), including the payment deadline, from 22 February 2024 to Monday 26 February 2024...

CFE Tax Top 5 (19 February 2024)

This week's edition of the CFE Tax Top 5 looks at the following: OECD Releases Pillar 1 Amount B Report US, UK, Austria, France, Italy and Spain Extend Agreement on Transition from DSTs to Pillar One Save the Date: CFE Forum 2024 | Sharing the...

Global Minimum Tax Directive Transposed into Maltese Law

The European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations, 2024, transposing Directive 2022/2523, were published by LN 32 of 2024. With the Budget for 2024 it was announced that Malta will opt, for 2024, for the derogation granted...

CFE Tax Top 5 (13 February 2024)

This week's edition of the CFE Tax Top 5 looks at the following: Taking Stock of Tax Policy in Von Der Leyen’s EU Mandate CFE Statements on the EU’s BEFIT & Transfer-Pricing Proposals Harmful Tax Practices Update (OECD & EU Blacklist) OECD Release Statistics on...