Digital taxation discussed at informal ECOFIN meeting

Digital taxation was discussed at an informal video conference of the ECOFIN ministers on 16 March 2021, ahead of the Euro Summit that will be held later this week. Ministers underlined their continued support for the ongoing negotiations in the OECD, which are aimed at achieving...

CFE Tax Top 5 (15 March 2021)

This week's edition of the CFE Tax Top 5 looks at the following: Public Consultation on DAC8 EU Exchange of Information on Crypto-Assets & e-Money EU Parliament Recommends DAC7 Digital Platform Reporting Legislation be Strengthened EU Commission Launches Taxpayers’ Rights Consultation OECD Secretary-General Designate Announced EESC...

EU Consultation on Taxpayer Rights

The EU Commission has launched a consultation on Tax Payer rights, designed to collect information on direct tax (mainly Personal Income Tax) related problems that citizens currently face when they exercise their freedoms for cross-border activities.   HAVE YOUR SAY: Complete the questionnaire at this link. The...

EU consultation on extending DAC to crypto-assets and e-money

The EU Commission has launched a Public Consultation on a proposal to expand the Directive on Administrative Cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and e-money. The objective of the consultation is to collect data and evidence needed to...

Amendments to the Revenue Acts

Act VIII of 2021 was published on 12 March 2021 (enacting Bill 199 - see MIT News 26 February 2021). The Act introduces a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add...

MIT AGM held on 26th February 2021

The Annual General Meeting of the Malta Institute of Taxation was held online on 26th February 2021. The event commenced with the launch of the MIT Guide to Completing a VAT return, a 40-page guide which provides a detailed analysis of the standard VAT return, with...

CFE Tax Top 5 (1 March 2021)

This week's edition of the CFE Tax Top 5 looks at the following: Agreement on Digital Tax Within Reach After US Policy ‘U-Turn’ EU Ministers Endorse Public Country-by-Country Reporting OECD Calls on Countries to Target Professional Enablers of Tax Crimes OECD Tax Talks: Save the Date...

IFSP Virtual Conference 2021: Malta at the Crossroads

4 & 5 March 2021, 14:00 to 17:30 Malta’s financial services industry has been through a trying year, as indeed has the entire country. It is now time to take stock and look to the future. The conference will also be spread over two afternoons. What...

Malta-Poland Tax Treaty revised

The Double Taxation Relief on Taxes on Income with the Republic of Poland Order has been revised pursuant to LN 64 of 2021. The amendments shall enter into force on such date as may be announced by notice in the Gazette. See MIT News 10 April 2022. Updated 10...