LN 68 of 2020, the Adaptation of Subsidiary Legislation (Duty on Documents and Transfers Act) Order, 2020, which was published on 17 March 2020, is a 3-part Legal Notice amending subsidiary legislation enacted in termsof the Duty on Documents and Transfers Act. Part I: amendment to...
The MFSA has announced that, in acknowledgement of the impact of COVID-19 on operators in the financial services sector, it shall be accepting a delay in compliance with March and April reporting deadlines for certain submissions/publications by specified operators. Click here to view the circular issued by...
Guidelines on the tax deferral scheme announced by the Government earlier this week have been published by Malta Enterprise and the Office of the Commissioner for Revenue. The following is an overview of the Guidelines: Which taxes does the scheme apply to? Provisional tax, employee taxes, maternity...
Following the publication of consolidated guidelines on the automatic exchange of financial account information in connection with the application of FACTA IGA, CRS and DAC II, earlier this year, the Office of the CfR has issued an updated version of the guidelines. Click here for a copy...
Act VIII of 2020 - The Budget measures Implementation Act - was published on 20 March 2020, implementing the key measures announced in October 2019 in the Budget for 2020. The Act amends: Part II:The Customs Ordinance Part III:The Income tax Act Part IV:The Immovable Property (Acquisition by Non-Residents) Act Part...
On 18 February 2020, the EU Council adopted a legislative package relating to the transmission and exchange of payment data in order to improve the fight against e-commerce VAT Fraud. This legislative package creates new reporting obligations for EU payment service providers, which will require them...
This week's edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes EU Coordinated Response to Coronavirus Outbreak; OECD Publishes Responses to CbCR Consultation; UK to Proceed with Digital Tax; EU Publishes Industrial Policy Package; In Memoriam: Former CFE President Professor...
In recognition of the fact that the COVID-19 developments may impact the ability of Subject Persons to meet their reporting obligations in a timely manner, the FIAU has announced that: the late submission penalty fee of EUR 100, which would have been applicable in the...
In a press conference held earlier today, the Prime Minister announced that a package of measures will be introduced to address the impact of COVID-19 on the economy. The first set of measures are intended to assist with managing cash-flow and will apply to the sectors most impacted...
