AEOI Implementing guidlines updated
The Office of the Commissioner for Revenue has announced that the AEOI Implementing Guidelines have been updated. Version 4.3 of the Guidelines is available here....
24 February 2023
VAT return deadline extended
The Office of the CfR has announced an extension to the VAT return submission (and VAT payment) deadline for the period October to December 2022 from 22 February 2023 till 28th February 2023. The due date of the relative payment is being extended accordingly (ie 28th February...
24 February 2023
CFE Tax Top 5 (20 February 2023)
This week's edition of the CFE Tax Top 5 looks at the following: EU List of Non-Cooperative Jurisdictions for Tax Purposes Updated ECHR Publishes Judgment in LuxLeaks Whistleblower Case OECD Public Consultation on Compliance & Tax Certainty of Global Minimum Tax – 16 March 2023 Register...
22 February 2023
DAC6 – Extension of deadline for Annual Notification Form to be submitted by non-disclosing intermediaries
The deadline allowed for submission of the annual notification by non-disclosing intermediaries is being extended. In this regard, non-disclosing intermediaries waiving their reporting obligation under Regulation 13(7)(e) of the Cooperation with Other Jurisdiction on Tax Matters Regulations are required to submit the annual notification regarding...
19 February 2023
Legislative Updates: January 2023
The Office of the CfR has published an overview of the most recent legislation developments. The January 2023 edition of the Legislative Updates covers: LN247/2022 Tax Credit (Malta International Airport plc) (COVID-19 Damage Compensation) Rules, 2022 LN 284/2022 Transfer Pricing Rules, 2022 LN 311/2022 Exemption...
17 February 2023
FACTA: Request for feedback on the relief for reporting on certain pre-existing accounts that are U.S reportable accounts
The Office of the CfR is seeking the feedback from Reporting Malta Financial Institutions on the relief given by the U.S. on certain pre-existing accounts that are U.S reportable accounts, as per section 14.1 of version 4.2 of the Guidelines on Automatic Exchange of Financial...
17 February 2023
List of non-cooperative jurisdictions updated
The ECOFIN Council has updated the list of non-cooperative jurisdictions, adding the BVI, Costa Rica, Marshall Islands and Russia. Annex I of the EU list, updated on 14 February 2023, now consists of 16 jurisdictions which have demonstrated a lack of commitment to improve their tax...
15 February 2023
CFE Tax Top 5 (13 February 2023)
This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament Subcommittee on Tax Matters Publishes 2023 Schedule of Work 2023 Global Forum Capacity Building Report CFE EU Tax Policy Report Published OECD Tax & Development Days – 15 & 16 February ...
14 February 2023
CFE Tax Top 5 (6 February 2023)
This week's edition of the CFE Tax Top 5 looks at the following: EU Summary Report on Tax Enablers (SAFE) Consultation OECD Guidance on Minimum Tax – Pillar 2 CFE Opinion Statement on EU Corporation Taxation System (BEFIT) Consultation EU Publishes Green Deal Industrial Plan Save...
10 February 2023