The Qualifying Employment in Aviation (Personal Tax) Rules (SL 123.168) have been revised by LN 104 of 2022. The Legal Notice revises the definition of "artificial arrangement", and also the time periods in Rule 6....
The Office of the CfR has published the contact details of the designated Competent Authority in relation to specific areas, including DAC, exchange of information and mutual agreement procedures under Tax Treaties. Click here for details. source: cfr.gov.mt...
At the February 2022 Plenary the FATF made the initial determination that "Malta has substantially completed its action plan." In June 2021 Malta was placed on the FATF grey list - the list of the countries under increased monitoring by the FATF. In its February 2022 plenary the...
Pursuant to LN 99 of 2022, the rate of interest chargeable under article 44 (2A) of the Income Tax management Act, for any period or part thereof commencing on or after 1 June 2022, is 0.6%....
A new proviso has been added to Rule 14 of the Payment of Provisional Tax (P.T.) Rules (SL 372.18) pursuant to Legal Notice 99 of 2022 which provides that the additional tax payable in respect of late payment of PT shall be charged, for any period or part...
The Pensions (Tax Exemption) Rules 2022 were published on 4 March 2022 (LN 98 of 2022). The rules set out the exemption thresholds for pensions income derived by an individual on or after 1 January 2022. UPDATE: Revised by LN 220 of 2022 ...
On 4th March 2022, the MIT, MIA and IFSP hosted a webinar on the Shell Companies Directive: Understanding its Impact on the Maltese Corporate and Financial Services Sector. The event kicked off with a presentation by Dr Rachel Zarb Cousin (Deloitte) and Dr Christopher Bergedahl (Deloitte)...
This week's edition of the CFE Tax Top 5 looks at the following: EU Council Reviews Tax Blacklist OECD Publishes Public Comments on Draft Pillar I Nexus & Revenue Sourcing Rules Applications Open: CFE Tax Advisers Europe’s 2021 Albert J. Raedler Medal Award OECD Consultation on...
The EU Council has reviewed the EU list of non-cooperative jurisdictions for tax purposes. American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu remain on the list and no new countries have been added. The Council conclusions on the revised list...
