The Commissioner for Revenue has announced that due to the deferral of the reporting deadlines as a result of the COVID-19 pandemic, the period allowed for notification by non-disclosing intermediaries is being extended. In the case of cross-border arrangements subject to reporting in the period from...
The European Commission is hosting a 2-hour online tax event on 21 September 2020 on the challenges and opportunities of the “new normal” for the EU economy. For further information visit ec.europa.eu source: ec.europa.eu...
This week's edition of the CFE Tax Top 5 looks at the following: Informal ECOFIN Meeting: 11 & 12 September OECD Examines Role of Tax Systems in COVID-19 Economic Recovery Save the Date: CFE Professional Affairs Webinar Conference on Taxpayers Rights VAT Gap Report Published...
The EU VAT Gap (the difference between expected revenues in EU Member States and the revenues actually collected) figures for 2020 forecast a potential loss of €164 billion in 2020 due to the effects of the coronavirus pandemic on the economy. The 2020 VAT Gap Report...
The Ministry of Finance has published the 2021 Pre-Budget Document - Towards a Sustainable Economy. The document can be viewed here. source: mfin.gov.mt...
This week's edition of the CFE Tax Top 5 looks at the following: Germany: EU must form a fiscal union Save the Date: State of the Union Address of President von der Leyen UK Set to Abandon Level-Playing Field Commitments EU Consultation on Foreign Subsidies ...
A new version of the YA2020 company tax return (version 1.6) will be available on the CfR portal on 18 September 2020. The Office of the CfR has notified that version 1.6 will include an updated version of TRA112 (to be completed by taxpayers falling within...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes ATAD Implementation Report The European Commission published a Report to the European Parliament and Council on the implementation of ATAD and ATAD2, the EU Anti-Tax Avoidance Directive, a factual document outlining the status...
Guidelines on the European Union Anti-Tax Avoidance Directives Implementation Regulations, 2018 (S.L. 123.187) were published today by the Office of the CfR. The document provides guidance the scope and application of the rules concerning: Interest Deduction Limitations, Exit Taxation and CFCs. The guidelines can be downloaded here. source: cfr.gov.mt...
