EU Call for Evidence on administrative co-operation in the field of VAT

The Commission has launched a Call for Evidence on the application of the administrative cooperation in the field of VAT governed by Council Regulation (EU) No 904/2010 on administrative cooperation and combating fraud in the field of value added tax. This exercise will look at how...

CFE Tax Top 5 (27 June 2022)

This week's edition of the CFE Tax Top 5 looks at the following: CFE Opinion Statement on Introducing a Common EU-wide System for Withholding Taxes French Presidency Races to Reach Agreement on Minimum Tax Directive Forum on Tax Administration Publishes 2022 Report EU Parliament’s FISC: Study on...

MIT AGM 2022

The Malta Institute of Taxation held its Annual General Meeting on Thursday 23 June 2022. The AGM was opened by the President of the MIT, Dr Conrad Cassar Torregiani, who reported on some of the key initiatives undertaken and/or participated in by the MIT in...

Corporate Tax return V1.2

The Office of the CfR has announced that the facility to submit the income tax return for Year of Assessment 2022 is now available on CfR Online services. Furthermore, a new version of the YA2022 company tax return (version 1.2), which corrects certain validation errors, was...

MIT AGM 2022

The Annual General Meeting of the Malta Institute of Taxation will be held on Thursday 23 June at 4PM. MIT Members are invited to attend - Click here for further details....

CFE Tax Top 5 (13 June 2022)

This week's edition of the CFE Tax Top 5 looks at the following: ECOFIN to Vote on Minimum Tax Directive CFE Opinion Statement on Possible Solutions to Inheritance and Gift Double Taxation Issues Within the EU EU Parliament’s FISC Meeting on 16 June: Ireland Case Study...

VAT optional reverse charge will apply until 2027

Council Directive (EU) 2022/890 of 3 June 2022 has amended Directive 2006/112/EC as regards the extension of the application period of the optional reverse charge mechanism in relation to supplies of certain goods and services susceptible to fraud and of the Quick Reaction Mechanism against VAT...

Ecofin to discuss Pillar 2 Directive

The ECOFIN Council is scheduled to vote on the directive on the implementation of Pillar 2 at tomorrow's meeting (Thursday 17 June). Further to the publication of the draft Directive (See MIT News 22 December 2021) a compromise text was released for discussion at the Ecofin Meeting of...

Income Tax return deadline – Individuals

The Income Tax return for basis year 2021 is due by 30 June 2022. The Office of the Commissioner for Revenue is encouraging the public to submit their Income Tax return online and benefit from an extension until the 31 July 2022. To submit a personal...