LN 231 of 2023 has introduced a reduced rate of 12% which will apply, with effect from 1 January 2024, to 4 categories of services: Custody and management of securities Management of credit and credit guarantees by a person or body other than those who...
The Minister for Finance has launched the Pre-Budget Consultation document. Click here to view. ...
The European Commission has released a proposed Directive which introduces the concept of Head Office Taxation, giving SMEs operating cross-border through permanent establishments the option to interact with only one tax administration instead of having to comply with multiple tax systems. In terms of this...
This week's edition of the CFE Tax Top 5 looks at the following: EU Publishes BEFIT & Transfer-Pricing Directive Proposals CFE Professional Affairs Conference: “Tax Adviser 2030: Evolution or Revolution for Tax Practice, Policy and Administration?” CFE Opinion Statement on the EU Commission FASTER Withholding...
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....
