Transfer Pricing Rules published
Further to the consultation completed earlier this year (see MIT News 21 December 2021), the Transfer Pricing Rules 2022 have been published by Legal Notice 284 of 2022....
21 November 2022
CFE Tax Top 5 (14 November 2022)
This week's edition of the CFE Tax Top 5 looks at the following: 28 Jurisdictions Sign Agreement on Reporting Income from Digital Platforms EU Commission Extends BEFIT Public Consultation Period CFE Conference “Targeting the “Bad Apples”: Enablers of Tax Avoidance”; Zagreb, 2 December 2022 OECD’s Global Forum...
17 November 2022
BEFIT Consultation period extended
The consultation period on the proposal for 'Business in Europe: Framework for Income Taxation’ (‘BEFIT’) - See MIT News 17th October 2022) has been extended to 26 January 2023. HAVE YOUR SAY – follow this link to access the questionnaire. source: ec.europa.eu...
17 November 2022
Information for online sellers of goods
The Office of the CfR has issued an information note which reminds persons who take orders from customers for the purchase of goods online from third party websites, purchase those goods in their own name and subsequently resell them to their customers, of their Malta Income...
12 November 2022
Latest version of CN published
The European Commission has published the latest version of the Combined Nomenclature (CN) applicable as from 1 January 2023. The latest version is now available in the EU Official Journal L 282 of 31 October 2022. source: taxation-customs.ec.europa.eu...
9 November 2022
CFE Tax Top 5 (7 November 2022)
This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament’s Draft Report on Tax-Related Revelations CFE Opinion Statement in PRA Group Europe on Interest Barrier & Group Contributions (EEA relevance) ICAEW Wyman Symposium Debates Regulation of Tax Professionals EU Commission 2023 Work Programme...
9 November 2022
EU Finance Ministers agree to strengthen the Code of Conduct on Business Taxation
At the ECOFIN Council meeting of 8 November 2022, EU Finance Ministers agreed on a revision to the Code of Conduct on Business Taxation, its first revision since 1997. This revision broadens the scope of the tax measures under scrutiny when examining harmful tax practices within the...
9 November 2022
Summary of budget fiscal measures
The Office of the CfR has published an overview of the budget measures relating to Income Tax which were announced in the budget speech for 2023. Download here....
9 November 2022
CfR Guidelines on VAT Refunds to Travellers
The Office of the CfR has published guidance on certain procedures relevant to the process of refunds to non-EU travellers of VAT paid on goods exported by them outside the EU in their accompanying luggage. The Value Added Tax (Refund to Non-Residents) Regulations (S.L. 406.13)...
7 November 2022