EU consultation on extending DAC to crypto-assets and e-money

The EU Commission has launched a Public Consultation on a proposal to expand the Directive on Administrative Cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and e-money. The objective of the consultation is to collect data and evidence needed to...

Amendments to the Revenue Acts

Act VIII of 2021 was published on 12 March 2021 (enacting Bill 199 - see MIT News 26 February 2021). The Act introduces a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add...

MIT AGM held on 26th February 2021

The Annual General Meeting of the Malta Institute of Taxation was held online on 26th February 2021. The event commenced with the launch of the MIT Guide to Completing a VAT return, a 40-page guide which provides a detailed analysis of the standard VAT return, with...

CFE Tax Top 5 (1 March 2021)

This week's edition of the CFE Tax Top 5 looks at the following: Agreement on Digital Tax Within Reach After US Policy ‘U-Turn’ EU Ministers Endorse Public Country-by-Country Reporting OECD Calls on Countries to Target Professional Enablers of Tax Crimes OECD Tax Talks: Save the Date...

IFSP Virtual Conference 2021: Malta at the Crossroads

4 & 5 March 2021, 14:00 to 17:30 Malta’s financial services industry has been through a trying year, as indeed has the entire country. It is now time to take stock and look to the future. The conference will also be spread over two afternoons. What...

Malta-Poland Tax Treaty revised

The DoubleTaxation Relief on Taxes on Income with the Republic of Poland Order has been revised pursuant to LN 64 of 2021. The amendments shall enter into force on such date as may be announced by notice in the Gazette. ...

Bill to amend the Interpretation Act

Bill 198 proposes the introduction of a new 13A to the Interpretation Act (CAP 249). The stated objective of the proposed amendment is to regulate the interpretation of the classification of laws or punishments as criminal in nature with particular reference to the situation where an...

Various Revenue Acts Bill

Bill 199 published on 25 February 2021 proposes a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add Tax Act The stated objects and reasons of the Bill are to amend a number...

Pensionable Income: COVID-19 measures

The Pensionable Income in accordance with the Thirteenth Schedule for persons born from 1st January 1956 to 31st December 1961 Regulations, 2021 (LN 57 of 2021 ) published on 19 February 2021 have introduced a measure in terms of which the pre-Covid wage or earnings...

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