Social Security Act Schedule updated
The Fifth Schedule to the Social Security Act has been revised by LN 55 of 2023....
10 March 2023
Excise Duty legislation revised
LN 50 of 2023 has revised the Third and Sixth Schedules to the Excise Duty Act and LN 51 of 2023 has revised the General Arrangements for Excise Duty (Council Directive (EU) 2020/262) Regulations. These amendments implement Commission Delegated Regulation (EU) 2022/1636 supplementing Council Directive (EU) 2020/262 and...
9 March 2023
Changes to the Tax Rebate for Pensioners rules
Changes to the Tax Rebate (Pensioners) Rules (SL 123.179) were published in LN 49 of 2023 applicable to income earned on or after 1 January 2023....
9 March 2023
Tax exemption thresholds for pensions revised
The Pensions (Tax Exemption) Rules have been updated by LN 48 of 2023. The revised rules, which enter into effect from 1 January 2023, update the exemption thresholds for pensions income derived by an individual on or after 1 January 2022....
9 March 2023
Corporate Tax Return E-filing dates
The extended deadlines for the e-filing of corporate tax returns have been published by the Office of the CfR - view here. ...
9 March 2023
DAC 6 Annual Notification
The Office of the CfR has announced that the Annual Notification due by 31st March 2023 is available for download - view here. Notifications shall be made by sending a signed copy of the completed document together with the Excel file to mdr.mfin@gov.mt...
9 March 2023
DAC 6 – Guideline on the waiver of reporting obligation
Further to the decision of the CJEU in case C-694/20 (See MIT News 9 December 2022) the Commissioner for Revenue has issued a guideline on the consequences of the judgement - view here. In addition V1.2 of the DAC6 guidelines has been issued with updates to Section...
9 March 2023
Guidance on Article 56(17)
The Office of the CfR has issued guidance on the calculation of the 30-day period for the purposes of article 56(17) of the Income Tax Act. The CfR Notice clarifies that presence in Malta on vacation leave or sick leave is to be disregarded. Furthermore, presence in...
2 March 2023
Group Deductions (Income Tax) Rules revised
LN 40 of 2023 has revised the provisos to Rule 3 of the Group Deductions Rules (SL 123.205), which now read: "Provided that the total allowable deductions that may be claimed shall not exceed one million euro(€1,000,000) per group of companies and the total amounts surrendered in...
27 February 2023