The Eco Contribution Regulations (S.L. 473.05) have been revised in virtue of LN 299 of 2019 published on 12 November 2019. The new provisions concern the power of the Minister, on the advice of the Resource Recovery and Recycling Agency, to exempt a producer from the...
The Council of the EU has reached an agreement on the amendments to the VAT Directive in relation to SMEs. The objective of the amendments is to reduce the administrative burden and compliance costs for SMES, and in particular addresses SMEs operating in a cross-border...
This week’s edition of the CFE Tax Top 5 looks at the following: OECD Seeks Comments on Pillar Two Minimum Taxation Global Anti-Base Erosion Proposal; ECOFIN Reaches Agreement on VAT-Related Directives; Council of the EU Updates List of Non-Cooperative Tax Jurisdictions; Reminder: CFE Conference on...
LN 282 of 2019, published on 5 November 2019, revised the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules (S.L. 123.141). In terms of article 1(2) of the amending rules, the amendments shall be deemed to have come into force on 1st January 2019. The amended provisions include,...
The Guidelines in relation to the Notional Interest Deduction rules have been revised and a new paragraph has been added to the rules. The new paragraph (xii) entitled: Attribution of the Deemed Interest Income on Alternative Bases reads as follows: In terms of the proviso to sub-rule...
This week’s edition of the CFE Tax Top 5 looks at the following: EU Ministers to Discuss VAT-Related Directives; EU: North Macedonia Compliant With EU’s Tax Good Governance Standards; OECD Releases Further CbCR Implementation Guidance; CFE Conference On Anti-Money Laundering: Paris – 29 November 2019; ...
LN 281 of 2019 has amended the following subsidiary legislation enacted under the Duty on Documents and Transfers Act, implementing measures announced in the Budget for 2020. Amendment to the Exemption of Duty in terms of article 23 Order (S.L. 364.12) A new proviso to article 3...
LN 280 of 2019 has notified the entry into force, on 20 September 2019, of the Convention between the Government of the Republic of Malta and the Government of the Republic of Kosovo for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion...
The week's edition of the CFE Tax Top 5 looks at the following: • Tax Transparency: European Parliament Push on Public CbCR; • OECD ‘Unified Approach’ Public Consultation on 21-22 November in Paris; • Tax Dispute Resolution: BEPS Action 14 Peer Review Reports; • CFE’s 60th Anniversary Liber Amicorum...
