CFE Tax Top 5 (20 January 2025)

This week's edition of the CFE Tax Top 5 looks at the following: OECD Makes New Tools Available for Administering Global Minimum Tax  Update on Pillar One Developments from Co-Chairs of the Inclusive Framework on BEPS  Save the Date: CFE Forum | 27 March 2025...

Amendment to the Cooperation with Other Jurisdictions on Tax Matters Regulations

LN 18 of 2025 has revised the Cooperation with Other Jurisdictions on Tax Matters Regulations (S.L. 123.127), transposing certain provisions of Directive 2021/514 (which extended EU transparency rules to digital platforms and imposed reporting obligations on Platform Operators) with effect from 20 January 2023. The...

Tax exemption rules for pensions revised

The Pensions (Tax Exemption) Rules have been updated by LN 356 of 2024. The revised rules, which update the exemption thresholds for pensions income, enter into effect as of 1 January 2025....

Upcoming change to the place of supply rule for virtual events

Legal Notice 344 of 2024 introduces an amendment to item 6 of Part 2 to the Third Schedule of the VAT Act in relation to admission to cultural, artistic, sporting, scientific, educational, entertainment or similar events where the attendance is virtual; and Services and ancillary...

VAT zero-rate for women’s sanitary products & certain medical accessories

Legal Notices 354 and 355 of 2024 introduce the reduction on VAT rate on women's sanitary products announced with the Budget for 2025. Certain sanitary items essential for women’s health, which are subject to VAT at 5% will, effective 1 January 2025, be exempt (zero-rated) pursuant...