VAT in the Digital Age Proposal

The anticipated proposal for legislative developments addressing VAT in the Digital Age was published on 8 December 2022. The VIDA package puts forward measures for addressing: real-time reporting of intra-EU transactions the rules for passenger transport and accommodation platforms single VAT registration in the EU The proposed...

CFE Tax Top 5 (28 November)

This week's edition of the CFE Tax Top 5 looks at the following: ECJ Rules Public Access to Beneficial Ownership Registry Information Invalid – Joined Cases C-37/20 & C-601/20 G20 Summit Leaders’ Declaration on OECD’s Two-Pillar Solution EU Commission Publishes Customs 2020 Evaluation Report OECD...

Rules for setting off of tax arrears revised

The Exemption from Tax on Property Transfers (Set-off of Tax Arrears) Rules, which were introduced in 2021 (See MIT News 10 November 2021) have been revised by LN 311 of 2022 amending Rule 4 to permit the transfer of tax arrears between related companies and between...

CFE Tax Top 5 (21 November 2022)

This week's edition of the CFE Tax Top 5 looks at the following: EU Adopts Revised Code of Conduct on Business Taxation ECJ Delivers Judgment in Fiscal State Aid Case Fiat Finance CFE Conference “Targeting the “Bad Apples”: Enablers of Tax Avoidance”; Zagreb, 2 December 2022 OECD’s Warns...

CfR clarification on ‘Recognised Stock Exchanges’

The Office of the CfR has issued a guidance note which clarifies which stock exchanges are recognised by the CfR for the purposes of the Income Tax Acts and the Duty on Documents and Transfers Act: Stock exchanges that are members of the World Federation of...

Transfer Pricing Rules published

Further to the consultation completed earlier this year (see MIT News 21 December 2021), the Transfer Pricing Rules 2022 have been published by Legal Notice 284 of 2022....

CFE Tax Top 5 (14 November 2022)

This week's edition of the CFE Tax Top 5 looks at the following: 28 Jurisdictions Sign Agreement on Reporting Income from Digital Platforms EU Commission Extends BEFIT Public Consultation Period CFE Conference “Targeting the “Bad Apples”: Enablers of Tax Avoidance”; Zagreb, 2 December 2022 OECD’s Global Forum...

BEFIT Consultation period extended

The consultation period on the proposal for 'Business in Europe: Framework for Income Taxation’ (‘BEFIT’) - See MIT News 17th October 2022) has been extended to 26 January 2023. HAVE YOUR SAY – follow this link to access the questionnaire. source: ec.europa.eu...

Information for online sellers of goods

The Office of the CfR has issued an information note which reminds persons who take orders from customers for the purchase of goods online from third party websites, purchase those goods in their own name and subsequently resell them to their customers,  of their Malta Income...