VAT e-services update
The Office of the CfR has announced that an application for the reprinting of the VAT Registration Certificate and Information sheet can now be made online via the VAT e-Services portal....
29 May 2023
ECOFIN Council agreement on DAC 8
On 16 May 2023, EU Finance Ministers reached political agreement on the general approach for amendments to the Directive on Administrative Cooperation in the area of taxation, primarily concerning reporting and automatic exchange of information on: revenues from transactions in crypto-assets and information on advance...
25 May 2023
Proposed changes to the Import One Stop Shop
The proposed reform to the EU Customs Union (See MIT News) includes proposed amendments to the VAT Directive, specifically to the Import One Stop Shop (IOSS): extending the application of the deemed supplier rule (currently limited to distance sales of imported goods not exceeding EUR...
17 May 2023
EU Customs Reform
The Commission has put forward proposals for a comprehensive reform of the EU Customs Union, which is being hailed as the most ambitious proposed reform since its establishment in 1968. The proposed measures are intended to simplify customs processes for business, cutting down on cumbersome customs...
17 May 2023
Strategy for Malta’s Tax and Customs Administration launched
The Malta Tax and Customs Administration has launched the ‘Delivering Transformation Strategic Plan 2023-2025'. "A decision has now been taken to revitalise the integration strategy and process, working to achieve a ‘modern and adaptive’ Tax and Customs Administration for Malta that is truly aligned with the changing...
12 May 2023
Guidance on penalties for late submission of VAT Recapitulative Statements
The Office of the CfR has issued guidance on the implementation of the increase in the administrative penalty, introduced with the Budget Measures Implementation Act (See MIT News 10 April 2023), imposed upon the late filing of recapitulative statements required to be made in terms...
5 May 2023
Return Attachment 6 updated – Profit from student hosting
The Office of the CfR has issued an updated RA 6 - click here....
4 May 2023
MIT Annual General Meeting
The Malta Institute of Taxation will be holding its Annual General Meeting online on Friday 16th June 2023 at 4.00pm. MIT Members are invited to submit any motion/s which they wish to bring before the AGM by no later than close of business on Friday 26th May...
2 May 2023
Assignment of rights under a POS rules revised
LN 99 of 2023 has revised Rule 12 of the Assignments of Rights Acquired under a Promise of Sale Agreement Rules (SL 123.198), deleting the reference to 31 December 2022, thereby extending the application of the 15% tax rate where the consideration does not exceed...
22 April 2023