Commencement notices of VAT e-commerce rules published

Legal Notices 219 to 226 of 2020, published on 2 June 2020, introduced amendments to the VAT Act implementing Council Directives 2017/2455, 2009/132/EC and 2019/1995/EC amending Directive 2006/112/EC concerning the VAT e-commerce package (See MIT News 3 June 2020). Legal Notices 187 to 194 of 2021 published earlier today...

CFE Tax Top 5 (26 April 2021)

This week's edition of the CFE Tax Top 5 looks at the following: Pascal Saint – Amans: Digital Tax Agreement by October Fabrizia Lapecorella New Chair of OECD’s Fiscal Committee European Parliament: Lack of Progress in Reforming Code of Conduct Group OECD Updated Report on...

YA2020 Returns for Fiscal Units

The office of the CfR has announced that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit is now available.​   source: cfr.gov.mt...

Transfer Pricing – enabling provision

The Budget Measures Implementation Act has introduced an enabling provision in the Income Tax Act which empowers the Minister of Finance to enact rules in relation to transfer pricing. The new article 51 of the Income Tax Act states that such rules may provide for...

Budget Measures Implementation Act 2021

The Budget Measures Implementation Act (Act XVIII of 2021) was published on 16th April 2021.   The Act amends: Part II: Customs Ordinance Part III: Income tax Act Part IV: Social Security Act Part V: Duty on Documents and Transfers Act (click here to view an overview of the changes) Part VI: Motor...

Investment Aid 2021 Regulations

The Investment Aid 2021 Regulations were published by Legal Notice 156 of 2021. They provide for assistance in the form of a tax credit (which may be claimed against future tax bills) or a cash grant to undertakings carrying on or intending to carry out a 'qualifying...

VAT on B2C e-commerce: Find out more!

The new VAT rules for B2C e-commerce come into effect on 1 July 2021. The rules impact online sellers, online market places/platforms, postal operators and couriers as well as consumers. The European Commission has launched a dedicated portal which provides information on the new rules, and...