CfR Manual on Taxation of Rental Income
The CfR Manual on Taxation of Rental Income as at March 2023 is available here....
10 April 2023
Increased adminstrative penalty for failure to submit Recapitulative Statements
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)...
10 April 2023
Tax Credit for costs of therapy for children with disability
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...
6 April 2023
Budget Measures Implementation Act Published
The Budget Measures Implementation Act - Act XII of 2023 - was published on 4 April 2023. The Act revises the following legislation: the Customs Ordinance the Income Tax Act the Social Security Act the Motor Vehicles Registration and Licensing Act the Income Tax Management Act ...
6 April 2023
MIT hosts the first VAT Practitioners’ Forum
The MIT hosted the first VAT Practitioners' Forum on 22 March 2023 at the Notch Conference Centre, Urban Valley Resort. The event, brought by the MIT’s Indirect Tax Technical Committee, featured two panel discussions as well as an opportunity for Q&A. The event was opened by...
26 March 2023
CFE Forum 2023: Towards a More Cohesive European Fiscal Union? Minimum Tax & VAT in the Digital Age
CFE Tax Advisers Europe’s 2023 Forum will take place on Thursday 20 April 2023 in Brussels on the topic of “Towards a More Cohesive European Fiscal Union? Minimum Tax & VAT in the Digital Age“. These two key European Commission projects mark another milestone in...
20 March 2023
ViDA discussions at the EU VAT Expert Group
The 33rd Meeting of the EU VAT Expert Group was held on 14th March 2023. The Malta Institute of Taxation was represented at the meeting by Chief Technical Officer, Sarah Cassar Torregiani. The focus of the meeting was the VAT in the Digital Age Proposals...
20 March 2023
CFE Tax Top 5 (13 March 2023)
This week's edition of the CFE Tax Top 5 looks at the following: EU Relaxes State Aid Rules in Transatlantic Subsidy Race EU Ministers Discuss US-EU Trade Relations & Ukraine OECD Public Consultation on Compliance & Tax Certainty of Global Minimum Tax CFE Statement of...
16 March 2023
Social Security Act Schedule updated
The Fifth Schedule to the Social Security Act has been revised by LN 55 of 2023....
10 March 2023