CFE Tax Top 5 (13 June 2022)

This week's edition of the CFE Tax Top 5 looks at the following: ECOFIN to Vote on Minimum Tax Directive CFE Opinion Statement on Possible Solutions to Inheritance and Gift Double Taxation Issues Within the EU EU Parliament’s FISC Meeting on 16 June: Ireland Case Study...

VAT optional reverse charge will apply until 2027

Council Directive (EU) 2022/890 of 3 June 2022 has amended Directive 2006/112/EC as regards the extension of the application period of the optional reverse charge mechanism in relation to supplies of certain goods and services susceptible to fraud and of the Quick Reaction Mechanism against VAT...

Ecofin to discuss Pillar 2 Directive

The ECOFIN Council is scheduled to vote on the directive on the implementation of Pillar 2 at tomorrow's meeting (Thursday 17 June). Further to the publication of the draft Directive (See MIT News 22 December 2021) a compromise text was released for discussion at the Ecofin Meeting of...

Income Tax return deadline – Individuals

The Income Tax return for basis year 2021 is due by 30 June 2022. The Office of the Commissioner for Revenue is encouraging the public to submit their Income Tax return online and benefit from an extension until the 31 July 2022. To submit a personal...

YA2022 Tax Return for companies

The Commissioner for Revenue has announced that the YA 2022 electronic corporate income tax return is now available on CfR online services. Click here for further details....

VAT on currency importation

The Office of the CfR has issued a clarification on the manner in which the importation of currency is to be reported by a declarant under the National Import System (NIS)...

CFE Tax Top 5 (23 May 2022)

This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes Equity Allowance Proposal CFE Awards “The Albert J Raedler Medal” for Academic Excellence CFE Opinion Statement in Case C-788/19 (Commission v Spain) The Conference on the Future of Europe...

Entities eligible for deduction claims

The Office of the CfR has published the updated list of child care centres, private independent schools, homes for the elderly and respite centres eligible for deduction claims.   source: cfr.gov.mt...

Applications for MIT Tax Courses 2022/2023 now open!

MIT is pleased to announce that the applications for its MFHEA-accredited Tax Courses for 2022/23 have been launched. The MIT Course on Taxation (MQF 6) An intensive course which covers all aspects of local and international taxation, which has been designed for students from tax, legal and...