On 4th March 2022, the MIT, MIA and IFSP hosted a webinar on the Shell Companies Directive: Understanding its Impact on the Maltese Corporate and Financial Services Sector. The event kicked off with a presentation by Dr Rachel Zarb Cousin (Deloitte) and Dr Christopher Bergedahl (Deloitte)...
This week's edition of the CFE Tax Top 5 looks at the following: EU Council Reviews Tax Blacklist OECD Publishes Public Comments on Draft Pillar I Nexus & Revenue Sourcing Rules Applications Open: CFE Tax Advisers Europe’s 2021 Albert J. Raedler Medal Award OECD Consultation on...
The EU Council has reviewed the EU list of non-cooperative jurisdictions for tax purposes. American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu remain on the list and no new countries have been added. The Council conclusions on the revised list...
Amount A of Pillar One introduces a new taxing right over a portion of the profit of large and highly profitable enterprises for jurisdictions in which goods or services are supplied or consumers are located. The OECD has launched a public consultation on the model...
The Commission has published a proposal to extend the application of articles 199a and 199b of Directive 2006/112EC, which are currently in force up until 30 June 2022. These articles, which permit Member States to apply the reverse charge to combat VAT fraud, as well as...
The CFE has issued an Opinion Statement on the CJEU decision of 25 November 2021 in Case C-437/19, État luxembourgeois v L, on the conditions for information requests and taxpayer remedies, where in the Court clarified the conditions for the identification of a taxpayer in group...
On 4 February the OECD launched a public consultation on Pillar 1 of the international taxation agreement, which concerns tax allocation rules. Stakeholders are invited to give feedback on the new Draft Rules for Nexus and Revenue Sourcing by no later than 18 February 2022. The European...
The Budget Measures Implementation Act (Act VII of 2022), implementing Budget Measures for the Financial Year 2022 and other administrative measures, was published on 8 February 2022....
A new proviso to Rule 3 of the Tax on Overtime Rules (SL 123.200) has been added by LN 68 of 2022: "Provided that with effect from the year of assessment 2023, the said provisions of article 90B of theAct shall apply to qualifying overtime income...
