Tax exemption threshold for voluntary organisations increased

Pursuant to LN 39 of 2021, the Enrolled Voluntary Organisations (Tax Exemption) Rules (SL 123.190) have been revised. In terms of the changes, which apply as of year of assessment 2022, the tax exemption in terms of Rule 3 applies to enrolled organisations whose turnover for...

CFE Tax Top 5 (1 February 2021)

This week's edition of the CFE Tax Top 5 looks at the following: OECD BEPS Action 14 Public Consultation EU Court of Auditors Assesses 70 Billion Lost Annually Through Corporate Tax Avoidance EU Commission Extends Scope of Temporary State Aid Framework Chair of EU Business...

Highly Qualified Persons rules amended

LN 29 of 2021 introduced changes to the HQP Rules [SL 123.126], namely: Allowing persons who apply to benefit under the HQP Rules to be eligible for two further extensions (instead of one, as previously applied) of 5 years (EEA and Swiss nationals) or 4...

DAC 6 Reporting Deadlines update

The Office of the CfR has announced an update to the upcoming reporting deadlines: Cross-border arrangements where the trigger point for reporting took place between 1 July 2020 and 31 December 2020 -  Monday 1 February 2021. Reportable cross-border arrangements the first step of which was...

DAC6 Reporting Excel Spreadsheet now available

The Office of the CfR has announced that the personalised excel spreadsheet enabling submission of DAC6 reports by reporting entities not having the facility to upload an XML data file is now available for download. Persons duly registered for DAC6 reporting can access the excel spreadsheet...

CFE Tax Top 5 (25 January 2021)

This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament Adopts Resolution Urging Revisions to EU Tax Blacklist Process OECD Tax & Development Day – 29 January 2021 ECOFIN Discusses Portuguese Presidency Priorities EU Commission Proposes to Extend Temporary State...

DAC 6 Reporting service now available

The office of the Commissioner for Revenue has announced that access to submit DAC6 reports in XML format is now available through the CfR online portal. A personalised excel spreadsheet will be available for download in the coming days to enable reporting by those reporting entities not...

Procedure for submission of share transfer notices

The Commissioner for Revenue and the Registrar of Companies have announced that documents relating to share transfers, changes in issued share capital/voting rights of companies and other commercial partnerships where applicable, and transfers of interests in partnerships, requiring registration by the ICTU, are to be delivered to...