This week's edition of the CFE Tax Top 5 looks at the following: EU Prolongs State Aid Framework The European Commission has prolongedthe application of State Aid rules which were set to expire at the end of 2020, in order to minimise the economic impact of the...
LN 284 of 2020 amends the Tax Rate (Construction Waste Recycling) (2020 - 2023) Rules. The rules, which have been renamed the Tax Exemption (Construction Waste Recycling) (2020 - 2023) Rules now provide in Rule 3 that: "Income derived by an authorised person from qualifying services...
The Deductions and Tax Credits (Relevant Qualifications for Industry) Rules (S.L. 123.107) have been revised (LN 283 of 2020), effectively extending the application of the rules to relevant educational courses commencing before 31 December 2023. The Deductions and Tax Credits (Relevant Qualifications for Industry) Rules (S.L....
Following the entry into force of the changes to the Companies Act (Register of Beneficial Owners) Regulations [see LN 247 of 2020 amending S.L 386.19], the Malta Business Registry has issued a Notice to all company Officers summarising the changes. The amendments to S.L. 386.19 include...
Further to EU Council Directive 2020/876 of 24 June 2020 amending Directive 2011/16/EU (see MIT News 29 June 2020), the Commissioner for Revenue has announced that the first reporting deadlines under regulation 13 of the Cooperation with other Jurisdictions on Tax Matters Regulations (SL 123.127)...
This week’s edition of the CFE Tax Top 5 looks at the following: DAC6 Optional Deferral Enters Into Force; EU Consultation on Foreign Subsidies; EU VAT Committee Meeting Documents Published; German EU Council Presidency Calendar; CFE Reappointed to the EU Platform for Tax Good Governance...
Further to the Commission proposal last month (See MIT News 10 May 2020) the European Council has approved an amendment to the Directive on Administrative Cooperation (DAC) allowing member states an option to defer the time limits for the filing and exchange of certain information by up to...
A new online income tax return (personal) has been launched by the Office of the Commissioner for Revenue. Tax payers can complete and submit their tax return online by logging into MyTax Services with their e-ID. The submission deadline has been extended until the 31 August 2020 for...
The Private Residential Leases (TaxRebate) Rules, 2020 were published on 23 June 2020 (LN 258 of 2020). The rules provide for a tax rebate (where the option under article 31D(2) of the Income Tax Act for taxation at 15% on the gross rental income has been...
