The Deduction (Income from Employment) Rules have been revised by LN 4 of 2023. The income threshold of €10,200 in Rule 2 has been extended to €10,535, and a new sub-paragraph has been added to Rule 3 which reads as follows: "Any individual to whom rule 2...
The Office of the CfR has notified that the deadline to pay the tax on part-time employment/self-employment is end of April of the following year for which payment is being made. As of 01/01/2022 the tax rate for both part time employed and part time...
LN 366 of 2022 has revised the Exemption of Duty in terms of article 23 Order, the the Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order and the Duty on the Acquisition of the Second Immovable Property to be used...
As of year of assessment 2021 a married couple, where both spouses are living together, have the option to submit a separate tax return where certain conditions are met. The Office of the CfR has issued guidance on the procedure for spouses to apply for...
The revised social security and maternity benefit rates for 2023 have been published by the office of the CfR. View the revised rates here....
The Seed InvestmentScheme (Income Tax) Rules, 2022 were published by Legal Notice 356 of 2022. The rules, which apply to investments made from basis year 2022 until the end of 2023, grant tax relief to natural persons resident in or operating in Malta investing in...
In its final step in the legislative process, the EU Council has formally adopted a directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (Pillar 2). Source: consilium.europa.eu...
This week's edition of the CFE Tax Top 5 looks at the following: ECJ: Certain Elements of DAC6 Incompatible with Primary EU Law EU Proposes DAC8 Directive: Crypto-Assets Reporting VAT in the Digital Age Proposals Published OECD Invites Input on Amount B (Pillar 1) CFE...
At its meeting of 15 December 2022 the Council of the European Union recalled the European Union’s determination to have both Pillar 1 and Pillar 2 implemented and called on the Commission to "monitor ongoing negotiations of the multilateral convention (MLC) on Pillar 1 and to...
