CFE Tax Top 5 (22 July 2024)

This week's edition of the CFE Tax Top 5 looks at the following: ECOFIN: Council Approves Position of the EU on UN Framework Convention on Tax Cooperation CFE Opinion Statement on Evaluation of the EU Directive on Administrative Cooperation in the Field of Taxation EU Elections...

CFE Tax Top 5 (8 July 2024)

This week's edition of the CFE Tax Top 5 looks at the following: Hungarian Presidency of the Council of the EU: Taxation Priorities EU Commission 2024 Annual Report on Taxation GTAP Statement on the Recent Developments in International Tax Policy Corporate Tax Statistics 2024 EU Parliament’s Subcommittee...

Taxation of income from sports activities rules published

The Income from Sport Activities Rules 2024 (LN 147 of 2024), which come into force with effect from YA 2025, extends the application of the 7.5% tax rate, which has applied to players, licensed coaches and athletes (article 56(26) of the Income Tax Act, CAP...

CFE Tax Top 5 (24 June 2024)

This week's edition of the CFE Tax Top 5 looks at the following: ECOFIN: No Agreement on ViDA at Final Belgian Presidency Meeting OECD Director of Centre for Tax Policy Discusses Future of Business Taxation at the Oxford University Summer Tax Conference 25 June 2024: CFE – Accountancy Europe Members’...

Extension to the Personal Income Tax Return submission deadline

The Malta Tax and Customs Administration (MTCA) has announced that the deadline for the manual filing of income tax returns for individuals has been extended to 15 July 2024. The due date of the relative payment is being extended accordingly. The deadline for the filing of the...

MIT Annual General Meeting 2024

The AGM of the Malta Institute of Taxation will be held on online on Thursday 27 June 2024 at 4.00pm. The AGM will be preceded by: - Presentation by Piergiorgio Valente, Former President of CFE Tax Advisers Europe and current Executive Board Member of CFE Tax Advisers...

YA 2024 Tax Return for companies (electronic)

The electronic corporate income tax return for year of assessment 2024 is now available on MTCA's  online services. The supplemental document in case of a Fiscal Unit is also available for download.   For this year of assessment the notable changes to the tax return are: TRA 63...

Amendment to Global Minimum Tax Implementing Regulations

Regulation 6 of the 'European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations' has been revised by Legal Notice 130 of 2024 with effect from 20 February 2024, as follows: in Regulation 6(1), the words "regulation 2(7)" has...

CFE Tax Top 5 (28 May 2024)

This week'e edition of the CFE Tax Top 5 looks at the following: EU Council of Ministers Approves FASTER Directive U.S. Will Not Support Global Minimum Wealth Tax: Secretary of Treasury CFE – Accountancy Europe Members’ Only Webinar: New EU AML Rules – What Changes...