IFSP launches risk management course for CSPs

The IFSP has launched a new course designed for risk and/or compliance officers working within CSPs as well as independent directors and CSPs: Risk Management and Compliance: An Introduction to the Theory and Practice. Further information on the course can be found at this link.   source: ifsp.org.mt...

Pre-Budget Consultation Document 2025

The Minister for Finance has launched the Pre-Budget Consultation Document 2025 Chapter 2 of the document, under the heading 'Ensuring Sustainability in Public Finances', provides an update on the programme for the modernisation of the Maltese Tax and Customs Administration, including: the implementation of a digitised...

Updated VAT guidance on healthcare services

Further to the recent changes to the VAT exemption for healthcare services (See MIT News 15 September 2024), the MTCA guidelines on the healthcare exemption in item 11 of Part 2 to the Fifth Schedule of the VAT Act have been updated → MTCA GUIDELINES...

Income Tax deductions rules – expenditure on intellectual property

The Income Tax (Deductions) (Amendment) Rules have been revised by LN 229 of 2024 to include provisions governing deductions made in accordance with the second proviso to article 14(1)(m) of the Income Tax Act in respect of expenditure of a capital nature on intellectual property...

VAT exemption for counselling & dental services

LN 228 of 2024 has revised the Fifth Schedule to the VAT Act, bringing within the scope of the VAT exemption for health and welfare the provision of medical care by a person in the exercise of a profession regulated by the Counselling Profession Act...

CFE Tax Top 5 (9 September 2024)

This week's edition of the CFE Tax Top 5 looks at the following: European Commission Strategic Report on Future of Europe’s Competitiveness U.N. Adopts Terms of Reference for UN Tax Convention CFE’s 2024 Conference on Tax Advisers’ Professional Affairs | Ljubljana | 19 September 2024 ...

Malta – Netherlands (re. Curacao) Tax Treaty

Pursuant to LN 205 of 2024, the double tax treaty between the Republic of Malta and the Kingdom of the Netherlands, in respect of Curaçao, which was published as a Schedule to Legal Notice 1 of 2016, shall be deemed to have come into force...

Amendment to the AIP rules

Legal Notice 204 of 2024 has amended the First Schedule to the Immovable Property (Acquisition by Non-Residents) Act...

EU Consultation on e-format for CbC Reporting

The EU Commission has launched a public consultation on draft legislation which introduces a common template and electronic format for annual country-by-country reporting obligations for large multinational corporations operating in the EU, who are required to disclose income tax information for a given financial reporting...