The Ministry for Finance launched a Pre-Budget 2023 Consultation. The Pre-Budget document and presentation can be viewed here. Updated 23 September 2022: The Prime Minister has announced that the Budget for 2023 will be announced on 24 October 2022....
The Malta Institute of Taxation hosted a Graduation Ceremony for graduates of the MIT Course on Taxation 2021/2022 (MQF 6) and the MIT Course on Tax Compliance 2021/2022 (MQF 5), at The Sheer Bastion, Senglea, on Wednesday 14th September 2022. The event was opened by the...
The Malta Institute of Taxation hosted a summer networking event, a three-course dinner at The Sheer Bastion, Senglea, on Wednesday 14th September 2022. The event was preceded by a graduation ceremony, celebrating the 43 new graduates of the MIT Course on Taxation 2021/2022 (MQF 6) and...
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...
