LN 228 of 2022 has revised the second proviso to Rule 2 of the Income Tax (Rate of Interest) Rules, specifying that where the date by which tax is payable under the Income Tax Acts is 31 August 2022 or later date, interest shall be charged...
The rate of interest applicable in terms of article 21(4) of the VAT Act has been increased from 0.33% to 0.6% with effect from 1 September 2022 (LN 227 of 2022). The Legal Notice includes a proviso that the interest rate remains 0.33% for balances...
This week's edition of the CFE Tax Top 5 looks at the following: CFE President Addresses EU Finance Ministers at Informal ECOFIN Meeting in Prague EU Pillar II Implementation: Certain Member States to Proceed Unilaterally OECD: Tax Morale II – Building Trust Between Tax Administrations...
Rule 3 of the Exemption from Tax on certain Property Transfers Rules (SL 123.199) has been revised (LN 225 of 2022), extending the application of the rules to transfers made before 30 June 2023....
LN 224 of 2022 has revised Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12), inter alia extending the 30 September 2022 deadline for the transfer to be effected (where the Notice of the Promise of Sale was notified before...
This week's edition of the CFE Tax Top 5 looks at the following: USA & Pillar 2: A Minimum Tax But Not the OECD Minimum Tax Pascal Saint-Amans to Step Down as Director of the OECD Centre for Tax Policy and Administration EU Commission President...
The Office of the CfR has notified all Payment Service Providers who may be affected by the new requirements coming into force on 1st January 2024 [Council Directive (EU) 2020/284 and Council Regulation (EU) 2020/283], that a workshop will be held on 23rd September 2022...
SL 123.204 has been revised by LN 220 of 220. The amendments include the introduction of a definition of "pension income", reflecting the definition in SL 123.127 to which the rules previously referred, as well as a cap on the amounts exempt. The amendments apply with...
CFE Tax Advisers Europe has issued an Opinion Statement on the European Commission Proposal for a Council Directive on debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes (“DEBRA”). Click here to view the Opinion Statement....
