Further to an amendment to article 31F of the Income Tax Act (CAP 123) introduced with the Budget Measures Implementation Act 2023, royalties derived on or after 1 January 2023 by an individual in his capacity as author of a qualifying literary work by virtue of...
The Budget Measures Implementation Act 2023 has amended the Income Tax Act (CAP 123) increasing, as of Year of Assessment 2024, the amount allowable as a deduction against taxable income in relation to fees paid for qualifying sporting activities (Article 14E) and qualifying cultural activities...
LN 63 of 2023 has revised the Donations (Community Chest Fund) Rules, deleting Sub-rule (2) of rule 2....
The Exemption from Tax on Certain Property Transfers Rules (SL 123.199) have been revised by LN 77 of 2023....
Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12) has been revised by LN 76 of 2023....
The CfR Manual on Taxation of Income from Part Time Work, as at 27th March 2023, is available here....
The CfR Manual on Taxation of Rental Income as at March 2023 is available here....
The Budget Measures Implementation Act of 4 April 2023 has increased the administrative penalty for failure to submit Recapitulative Statements to eur50 per month of default (currently eur10), capped at eur600 per statement (currently eur120). The Act has also introduced an enabling provision (a new art. 55A)...
The Tax Credit (Costs of Therapy provided to Children with Disability) Rules, 2023 were published on 4 April 2023. The rules provide for a tax credit of eur200 in connection with qualifying costs incurred in the year immediately preceding the year of assessment commencing on or...
