CFE Tax Top 5 (19 July 2021)

This week's edition of the CFE Tax Top 5 looks at the following: EU: Landmark Climate Policy Package Nike Loses Procedural Challenge to Commission’s State Aid Case EU Tax Policy Report – Semester 1 OECD Paper on Sustainable Home Working OECD Podcast on the Global Tax...

Global agreement to ensure fairer taxation of multinational enterprises

The agreement reached by the OECD/G20 Inclusive Framework on the two-pillar plan to reform international taxation rules (See MIT news 1 July 2021), was endorsed by the G20 Finance Ministers and Central Bank Governors on 10 July. The European Commission has announced that it welcomes this...

NCC Webinar on AML/CFT issues relating to tax

The National Coordinating Committee on Combating Money Laundering and Funding of Terrorism (‘NCC’) is organizing a training session for the private sector on AML/CFT issues relating to tax. This online session will be held this Thursday 15th July between 14:00 and 17:00. For the agenda and link...

Changes to the Tax Credit rules

The Tax Credit (Higher Educational Qualifications Rule (SL 123.180)  and the Deductions and Tax Credits (Relevant Qualifications for Industry) Rules  (SL 123.107) have been revised (LN 286 and 287 of 2021 respectively). The changes to both Rules involve the appointment of Malta Enterprise Corporation as the body responsible...

CfR Survey

The Office of the Commissioner for Revenue is currently conducting a customer satisfaction survey. Persons who have provided the Office of the CfR with an email address will be receiving an email entitled “Help us Improve” as an invitation to participate in this survey. source: cfr.gov.mt...

CFE Tax Top 5 (5 July 2021)

This week's edition of the CFE Tax Top 5 looks at the following: 130 Countries Sign Historic Agreement on International Tax Reform New EU VAT Rules Enter Into Force EU Ministers to Discuss Anti-Money Laundering Package 2021  Registration: CFE Academy Webinar on Tax and Technology ...

Scam messages – warning from the Office of the CfR

The Office of the CfR has notified that messages being received which state “Ir-rifuzjoni tieghek giet ipprocessata” with a link to input their credit card details are not issued by the Office of the CfR and should be ignored. source: cfr.gov.mt...

Amendment to the Exemption from Duty in terms of Article 23 Order

A new proviso to Article 3 of the Order has been added in connection with the exemption of duty on acquisition of first immovable property, specifically in respect of transfers of property made on or after the 9th June 2020. The new proviso (see LN...

OECD/G20 IF agrees to two-pillar plan to reform international tax rules

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. In a Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of...