Article 3 of the Exemption of Duty in terms of article 23 Order [SL 364.12], which deals with the exemption of duty on acquisition of first immovable property, has been revised in virtue of LN 427 of 2020, published on 10 November 2020, inter alia...
The Office of the CfR has announced that the Electronic Lodgement Specifications has been updated. The updates include fields relating to director’s fees and overtime eligible for the 15% tax deduction. Click here to view the updated document. source: cfr.gov.mt...
The Office of the CfR has published a guidance note which is intended to provide a general overview of the European Union Dispute Resolution Mechanisms Directive Implementation Regulations (SL 123.191). source: cfr.gov.mt...
This week's edition of the CFE Tax Top 5 looks at the following: Joe Biden Elected 46th President of the United States ECOFIN: Ministers Endorse EU-Level AML Supervision EU Commission October Infringements Package Published Registration: CFE Professional Affairs Virtual Conference on Taxpayers Rights – 30...
The Budget Measures Implementation Bill (Bill 173 of 2020) has proposed an amendment to the Income Tax Management Act (CAP 372). A proposed new proviso to article 13(4), which provides a 5-year time limit within which to adjust a tax return resulting in a reduction in...
The European Commission has published the latest version of the Combined Nomenclature (CN), the tool for classifying goods, which determines which rate of customs duty applies and how the goods are treated for statistical purposes. The latest version, which applies from 1 January 2021, is available as...
The office of the CfR has notified that as from 1st November 2020 delegated or assigned CFR online services can only be accessed if authorised through CFR03 or CFR02. source: cfr.gov.mt ...
The Budget Measures Implementation Bill (Bill 173 of 2020) has proposed a series of amendments to the Duty on Documents and Transfers Act (CAP 364), including, an amendment to the definition of the term "Document". The term, which is currently defined as including as a "policy of...
The Budget measures Implementation Bill [Bill No. 173] has proposed the introduction of a new proviso to article 12(1)(u)(1) of the Income Tax Act (CAP 123) in terms of which the exemption from tax of income derived from a qualifying participating holding shall not apply to...
