LN 304 of 2019 published on 19 November 2019, amends the Payment of Provisional Tax Rules (S.L. 372.18). A new proviso to Rule 14(1) provides that in respect of periods commencing on or after 1 January 2020, additional tax due in relation to late payment of provisional...
With effect from 1 January 2020 the rate of interest applicable in terms of article 21(4) of the VAT Act shall be reduced from 0.54% to 0.33%. This amendment was introduced by LN 303 of 2019 published on 19 November 2019....
Item 12(1) of Part 2 of the Fifth Schedule to the VAT Act has been revised in virtue of LN 302 of 2019, published on 19 November 2019. The revised provision extends the exemption for education services to: vocational training or retraining provided by a Government...
LN 304 of 2019 published on 19 November 2019, amends the Income Tax (Rate of Interest) Rules (S.L. 372.28). A new proviso to Rule 2 provides that in respect of any period commencing on or after 1 January 2020, the rate of interest applicable in terms of...
This week’s edition of the CFE Tax Top 5 looks at the following: OECD Publishes Stakeholder Comments on Pillar One Consultation; Council of the EU Adopts Company Law Directive; Tax Dispute Resolution: Input Invited on 10th Batch of BEPS Action 14 Peer Reviews; Reminder: CFE...
The Eco Contribution Regulations (S.L. 473.05) have been revised in virtue of LN 299 of 2019 published on 12 November 2019. The new provisions concern the power of the Minister, on the advice of the Resource Recovery and Recycling Agency, to exempt a producer from the...
The Council of the EU has reached an agreement on the amendments to the VAT Directive in relation to SMEs. The objective of the amendments is to reduce the administrative burden and compliance costs for SMES, and in particular addresses SMEs operating in a cross-border...
This week’s edition of the CFE Tax Top 5 looks at the following: OECD Seeks Comments on Pillar Two Minimum Taxation Global Anti-Base Erosion Proposal; ECOFIN Reaches Agreement on VAT-Related Directives; Council of the EU Updates List of Non-Cooperative Tax Jurisdictions; Reminder: CFE Conference on...
LN 282 of 2019, published on 5 November 2019, revised the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules (S.L. 123.141). In terms of article 1(2) of the amending rules, the amendments shall be deemed to have come into force on 1st January 2019. The amended provisions include,...
