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...
The Office of the CfR has announced that the Guidelines on the Mandatory Automatic Exchange of Information in relation to Cross-Border Arrangements have been published. Click here to view Version 1.0 of the guidelines. source: cfr.gov.mt...
A Customs Guidance Document on the Importation and Exportation of Low Value Consignments has been published. This aims to complement the VAT Explanatory Notes published in September 2020 (see MIT News 1 October 2020) with further clarification and practical examples on the customs rules and...
CFE Tax Advisers Europe, of which the Malta Institute of Taxation is a member, has published its Annual Report for 2020. The report is available here....
The Fifteenth Schedule to the VAT Act has been revised (LN 477 of 2020) with effect from 1 January 2021 to bring into effect the provisions of Directive 2020/1756 amending Directive 2006/112/EC with regard to the identification of taxable persons in Northern Ireland further to...
This week's edition of the CFE Tax Top 5 looks at the following: Brexit Deal Not Reached by EU Parliament Deadline EU Publishes “EU Digital Age” Proposals for Digital Companies EU Commission Publishes Proposal to Confer Implementing Powers on EU VAT Committee EU Legislative Priorities...
LN 459 of 2020 has revised the Exemption from Tax on Certain Property Transfers Rules (SL 123.199), substituting Rule 3 concerning the applicability of the rules, inter alia, addressing transfers made on or after 9 June 2020 but before 1 January 2022....
The Tax Rebate (Pensioners) Rules have been revised, essentially increasing the amounts by which the rebates are capped. The changes introduced by LN 460 of 2020 shall apply in respect of income earned on or after the 1st January 2021....
Further to the European Commission's consultation on the a proposal to turn the VAT Committee into a ‘comitology committee’ (see MIT News 4 October 2020) the Commission has presented a proposal for a Council Directive amending Directive 2006/112/EC as regards conferral of implementing powers to the Commission...
