VAT & PE reactivation form

A new online service for reactivation of a VAT and PE number, which processes requests in real time, has been launched for sole proprietors by the Office of the CfR. Access to the service is available through this link. A presentation on this new service is available here.   source: cfr.gov.mt...

CFE Tax Top 5 (18 January 2021)

This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Launches Digital Levy Roadmap & Public Consultation OECD Virtual Consultation on Pillar 1 & 2 Blueprints EU Commission Publishes Progress Report on Customs Risk Management Inclusive Framework on BEPS Public...

EU Consultation: Digital Levy

The European Commission has launched a public consultation on the proposed initiative to introduce a digital levy. The Inception Impact Assessment indicates that the options for the digital levy which are being considered include: A corporate income tax top-up to be applied to all companies conducting certain...

CFE Tax Top 5 (12 January 2021)

This week's edition of the CFE  Tax Top 5 looks at the following: Christmas Miracle: Brexit Deal Reached OECD Pillar 1 & 2 Consultation – 14 to 15 January Commission Publishes Guidance on Coronavirus Support Measures EU-China Trade Agreement In Memoriam of Dr Tom O’Shea Click...

VAT reduced rate for COVID-19 in vitro diagnostic devices

The Eighth Schedule  of the VAT Act has been amended (LN 5 of 2021) to extend the reduced rate of 5% to the following until 31 December 2022: goods falling under sub-headings 9027.80.80 and 3821.00 where they consist of COVID-19 in vitro diagnostic medical devices; and services...

VAT exemption for services closely linked to COVID-19 vaccines

The Fifth Schedule Part 1 of the VAT Act has been amended (LN 4 of 2021) to extend the exemption with credit (zero-rate) to "services closely linked to COVID-19 vaccines falling under sub-heading 3002.20 of the Customs Tariff contained in the First Schedule to the...

2020 FSS end-of-year documents

The deadline for submission of the FS3 and FS7 is 15 February 2021. The Office of the CfR has notified that employers submitting more than 9 FS3 documents are obliged to file electronically, whilst employers submitting less than 9 forms can submit electronically or manually. Manual FS7 and...

DAC6 Reporting Entity Registration

The Commissioner for Revenue has announced that the online registration process applicable to DAC6 Reporting Entities required to submit information in relation to reportable cross-border arrangements is now available. This may be accessed at this link. source: cfr.gov.mt...