The Office of the Commissioner for Revenue has announced that the year of assessment 2020 electronic income tax return for companies is now available on the CfR online services. Furthermore, the deadlines for the electronic filing of income tax returns for companies have been extended. This...
The Office of the CfR has announced that the deadlines for the electronic filing of income tax returns for companies have been extended. These extensions apply only to the electronic filing of tax returns, and not to tax payments. Financial Year Ending Manual Return Deadline Web Submission Extension Deadline 31st January 2019 31st March 2020 31/07/2020 28th February...
The Malta Business Registry has issued a notice reminding subject persons that in terms of sub-Regulation 12(2) of the Companies Act (Register of Beneficial Owners) Regulations, they have an obligation to report to the Registrar of Companies any discrepancies they find between the information available...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Considers Leniency for DAC6 Reporting Deadlines; OECD: COVID-19 an Opportunity for Digitalisation; EU Tax Academics Call for EU Solidarity Taxes; OECD Publishes Taxing Wages 2020 Report; Albert Rädler Medal 2019:...
The office of the CfR has announced that the deadline for the payment of the provisional tax for April 2020 is being extended to 31 May 2020. In view of the COVID-19 situation, the Provisional Tax claims will not be sent by mail. They are being made available on the CFR...
As the 30 April submission deadline for the TA22 (payment of tax - part-time self-employed) and TA24 (payment of 15% tax on rental income) draws near, the Office of the CfR has issued a notice informing taxpayers that: Payments can only be made at Malta...
On 22 April 2020 CFE Tax Advisors Europe submitted an Opinion Statement to the European Institutions seeking leniency in the enforcement of penalties concerning the EU Directive on mandatory disclosure rules (“DAC6”). CFE Tax Advisers Europe is a Brussels-based association representing European tax advisers. The Members...
In terms of the Deferment of Excise Duty payable during the Months of April and May 2020 Regulations (LN 147 of 2020) published on 21 April 2020: the duty on all excise goods and services payable pursuant to the Excise Duty Act on various dates during the month of April...
This week's edition of the CFE Tax Top 5 looks at the following: EU Economic & Finance Ministers Hold Videoconference on COVID-19 Economic Impact OECD Publish Comments on Draft Model Rules for Sharing & Gig Economy Rapporteurs on EU Public CbCR Call for Transparency Requirements for MNEs...
