The guidelines on the application of Article 6 of the Income Tax Act (CAP 123), in terms of which an Investment Services or Insurance Expatriate, as defined, may opt to be exempted from tax on income relating to certain personal expenses, which would otherwise be...
This week's edition of the CFE Tax Top 5 looks at the following: European Commission Launches DAC Evaluation CFE – Accountacy Europe Members’ Only Webinar: New EU AML Rules – What Changes For Practitioners? #UseYourVote – European Elections – 6 to 9 June 2024 EU...
According to reports from the 14 May 2024 ECOFIN meeting, progress was made in the discussions around the VAT in the Digital Age package (see MIT News 8 December 2022), however no agreement was reached. The ViDA package, which is comprised of three parts: real-time reporting...
At the ECOFIN meeting of 14 May 2024, Council reached an agreement on the so-called FASTER initiative which was proposed in June 2023 (See MIT news 23 June 2023). This initiative, aims to make withholding tax procedures in the EU safer and more efficient for...
The MTCA has announced that persons who have outstanding MOSS VAT returns (returns due under the "Mini-One-Stop-Shop" before 1st July 2021), or corrections due to such returns have until 20th July 2024 to submit such returns (or to correct already submitted MOSS returns). After this date, any...
In terms of LN 110 of 2024, no duty shall be levied under the Duty on Documents and Transfers Act (CAP 364) on the grant of temporary emphyteusis over a designated property by SportMalta to a sports association....
The Institute of Financial Services Practitioners (IFSP), the Malta Institute of Accountants (MIA), the Malta Institute of Taxation (MIT) and the Society of Trusts & Estate Practitioners (STEP – Malta) have issued a joint statement, expressing their deep concern about the current situation in the...
This week's edition of the CFE Tax Top 5 looks at the following: Ad Hoc Committee to Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation CFE Forum | Sharing the Tax Pie | 18 April 2024 | Brussels EU...
Pursuant to article 27(1) of Directive 2011/16/EU on administrative cooperation in the field of direct taxation (DAC), which lays down the rules and procedures for close cooperation between Member States’ tax authorities in direct tax matters, the Commission will be evaluating the said Directive in...
