YA2023 electronic tax return for companies

The Office of the Commissioner for Revenue has announced that the year of assessment 2023 electronic corporate income tax return is now available on CfR online services. The supplemental document in case of a Fiscal Unit will be available for download on CfR online services in...

Extended deadline for e-filing of tax returns

An extension of the submission deadline for submission of the income tax return for YA 2023 by individuals has been announced. The deadline of 30 June 2023 is extended to 31 July 2023 for returns submitted electronically....

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....

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...

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...

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...

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...

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...