Information for online sellers of goods

The Office of the CfR has issued an information note which reminds persons who take orders from customers for the purchase of goods online from third party websites, purchase those goods in their own name and subsequently resell them to their customers,  of their Malta Income...

Latest version of CN published

The European Commission has published the latest version of the Combined Nomenclature (CN) applicable as from 1 January 2023. The latest version is now available in the EU Official Journal L 282 of 31 October 2022.   source: taxation-customs.ec.europa.eu...

CFE Tax Top 5 (7 November 2022)

This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament’s Draft Report on Tax-Related Revelations CFE Opinion Statement in PRA Group Europe on Interest Barrier & Group Contributions (EEA relevance) ICAEW Wyman Symposium Debates Regulation of Tax Professionals EU Commission 2023 Work Programme...

Summary of budget fiscal measures

The Office of the CfR has published an overview of the budget measures relating to Income Tax which were announced in the budget speech for 2023. Download here....

CfR Guidelines on VAT Refunds to Travellers

The Office of the CfR has published guidance on certain procedures relevant to the process of refunds to non-EU travellers of VAT paid on goods exported by them outside the EU in their accompanying luggage. The Value Added Tax (Refund to Non-Residents) Regulations (S.L. 406.13)...

Proposed amendments to the VAT Act – Budget Measures Implementation Bill

The Budget Measures Implementation Bill  published on 25 October 2022 is proposing the following amendments to the VAT Act: an increase in the penalty for failure to submit Recapitulative Statements to eur50 per month of  default (currently eur10), capped at eur600 per statement (currently eur120); the...

CFE Tax Top 5 (24 October 2022)

This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament’s FISC: Reform of Corporate Taxation & Lessons Learned from the Pandora Papers CFE ECJ TaskForce Opinion Statement on the EFTA Court decision in Case E-3/21, PRA Group Europe UN Committee...

Beverage Container Refund Scheme – VAT Receipts & Invoices Guidelines

The Office of the CfR has issued guidelines in connection with the issuing of Tax Invoices and Fiscal Receipts by operators in connection with the Beverage Container Refund Scheme pursuant to the Beverage Containers Recycling Regulations (S.L 549.134), which will come into effect on 14th November 2022. The...