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. ...
The waiver currently in place (see MIT News 21 April 2021) on the VAT and duty on the importation of medical and protective equipment used in the fight against COVID-19 has been extended to 30 June 2022, further to the Commission decision of 22 December...
On 22 December, the European Commission proposed a Directive laying down rules to prevent the misuse of shell entities for tax purposes. This initiative is intended to ensure that entities in the European Union that have no or minimal economic activity are unable to benefit from...
On 22 December 2021 the European Commission proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups. The proposal follows the recent historic global tax reform agreement, setting out how the principles of the agreed 15% effective tax rate...
The Office of the CfR has issued the draft Transfer Pricing rules for public consultation. The draft rules can be viewed here. The consultation period ends on 28 February 2022....
