Further to the publication of the proposal for a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups (see MIT News 22 December 2021), the Commission has launched a public consultation. The feedback period closes on 6 April 2022....
This week's edition of the CFE Tax Top 5 looks at the following: EU Tax Policy Report – Semester II – July to December 2021 ECOFIN to Discuss EU Directive on Minimum Tax CFE Tax Advisers Europe Annual Report EU Shell Entities Directive EU Targets Portion of Carbon...
Further to the publication of the Commission's Proposal for a Council Directive on ensuring a global minimum level of taxation for multinational groups in December 2021, the ECOFIN Council has discussed the proposal at yesterday's meeting, with Ministers confirming the need to urgently transpose the agreed...
Further to the introduction of the exemptions from: VAT supplies of goods and services used as part of measures taken at European Union level in response to the COVID-19 pandemic (which applies retroactively to goods and services supplied since 1 January 2021); and VAT and...
The FIAU has published a guidance note in relation to tax related suspicious reporting which aims to provide subject persons with important tax related ML/FT indicators that are found on goAML that are to be used when reporting serious and complex tax crimes. Furthermore a list of commonly used...
The office of the CfR has issued a Notice urging taxable persons to comply with any outstanding Intrastat obligations and reminding defaulting taxable persons that failure to comply with such obligations may lead to criminal prosecution which, upon conviction, is punishable with a fine (multa)...
On 15th December 2021, the Malta Institute of Taxation held it's first in-person event since the introduction of the COVID-19 pandemic restrictions in March 2020, with a presentation for MIT Members on Taxation and the Prevention of Money Laundering: the Tax Practitioner's perspective, delivered by Dr...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Adopts Directive on Minimum Tax & OECD Model Rules Published EU Adopts Shell Entities Directive EU Targets Portion of Carbon Tax Revenues & OECD Pillar 1 To Finance Post-Pandemic Recovery ECJ...
Government Notice 1621 published on 17th December 2021 sets out guidelines for the application of compromise arrangements (in lieu of criminal prosecution) in terms of article 84 of the VAT Act. ...
