On 22 February 2021 the Council today adopted a revised EU list of non-cooperative jurisdictions for tax purposes. Dominica was added to the list (Annex I of the conclusions) and Barbados was removed. source: consilium.europa.eu...
The Annual General Meeting of the Malta Institute of Taxation will be held online on Friday 26th February 2021 at 5.30pm. Prior to the call to order of the AGM the Institute shall be presenting the MIT Guide to Completing a VAT Return, which will be...
The deadlines for electronic filing of company tax returns for YA2021 have been extended. Click here to view the submission deadlines. source: cfr.gov.mt...
The Guidelines in relation to the Consolidated Group (Income Tax) Rules have been updated. The revised guidelines can be accessed at this link Source: cfr.gov.mt...
A guidance note on capital allowances in respect of car parks has been published by the Office of the CfR. The note clarifies the definition of “industrial building or structure” in article 2 of the Income Tax Act and provides that once a car park falls...
The Office of the CfR has announced that, as part of its compliance monitoring, entities in scope of the Cooperation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) that will be receiving a formal letter from the Commissioner for Revenue are expected to reply...
Item 3 of the Seventh Schedule to the VAT Act has been revised (LN 52 of 2021) to include, in the exclusions from the 'taxable value', deposits which are regulated in terms of the Beverage Containers Recycling Regulations or any law which may be substituted therefor....
This week's edition of the CFE Tax Top 5 looks at the following: CFE Tax Advisers Europe Annual Report EU Commission Launches Consultation on State Aid Enforcement Council to Discuss Financial Transactions Tax EU Commission Publishes Digital Targets Roadmap Save the Date: CFE European Register...
The Office of the CfR has announced that persons who derive income from a private residential lease which is registered with the Housing Authority as a long lease, are eligible for a tax rebate against the tax chargeable on such rental income. The rebate is applicable...
