This week's edition of the CFE Tax Top 5 looks at the following: EU Parliament Adopts Resolution Urging Revisions to EU Tax Blacklist Process OECD Tax & Development Day – 29 January 2021 ECOFIN Discusses Portuguese Presidency Priorities EU Commission Proposes to Extend Temporary State...
The office of the Commissioner for Revenue has announced that access to submit DAC6 reports in XML format is now available through the CfR online portal. A personalised excel spreadsheet will be available for download in the coming days to enable reporting by those reporting entities not...
The Commissioner for Revenue and the Registrar of Companies have announced that documents relating to share transfers, changes in issued share capital/voting rights of companies and other commercial partnerships where applicable, and transfers of interests in partnerships, requiring registration by the ICTU, are to be delivered to...
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...
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...
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...
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...
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...
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...
