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...
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...
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...
The Commission has proposed the introduction of a VAT exemption on goods and services made available by EU bodies and agencies to Member States and citizens during times of crisis. The measure would allow the Commission and other EU agencies and bodies to import and purchase,...
Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12) has been revised (LN 130 of 2021), inter alia extending its application to transfers of immovable property inter vivos made before 1 August 2021 (previously 1 April 2021)....
The Exemption from Tax on certain Property Transfers Rules (SL 123.199) have been revised (LN 129 of 2021), extending the application of the rules to transfers made before 1 August 2021....
The COVID-19 Fiscal Assistance has been extended to cover eligible taxes (as defined) due up until December 2021. The updated guidance provides that settlement of eligible taxes will start from May 2022. The deadline for submission of an application for a tax deferral (via the Malta Enterprise website ) is...
At the ECOFIN meeting of 25 March 2021, EU leaders reiterated their commitment to reaching a consensus-based global solution on international digital taxation within the framework of the OECD by mid-2021. They also stated that, if the prospect of a global solution was not forthcoming, the EU would...
This week's edition of the CFE Tax Top 5 looks at the following: EU Expands DAC Framework with Digital Platforms EU Commission Refers UK to the ECJ on State Aid Matters Tax and Gender: Developments in International Tax Policy CFE Academy Webinar on Recent ECJ...
