MTCA publishes legislative update
The MTCA has published Legislative Update 3 of 2024, which gives an overview of subsidiary legislation issued under the Income Tax Acts between January and April 2024. source: cfr.gov.mt...
23 April 2024
End of April Tax Deadlines
Taxpayers are reminded of the following 30 April 2024 deadlines: 15% Tax on Rental Income - TA24 10% Tax on Part-Time Self-Employment - TA 22 Provisional Tax and Social Security Contributions - PT1 For information on Online Payments to the Malta Tax & Customs Administration (MTCA),...
22 April 2024
Budget Measures Implementation Act 2024
The Budget Measures Implementation Act – Act XIII of 2024 – has been published. View here. The Act amends: the Customs Ordinance Cap 37 the Income Tax Act. Cap 123 the Central Bank of Malta Act Cap 204 the Social Security Act Cap 318 the Duty...
2 April 2024
Excise Duty Act amended
The Second and Sixth Schedules to the Excise Duty Act have been revised by LN 42 of 2024 and LN 43 of 2024. The scope of the amendments is to further implement Council Directive 95/60/EC regarding the fiscal markings of gas oils and kerosene and Council...
4 March 2024
2024 Social Security and Maternity Fund Contribution Rates
The MTCA has published the Social Security and Maternity Fund Contributions rates applicable for the basis year 2024. These may be viewed here....
29 December 2023
Amendment to the Exemption from Duty in terms of Article 23 Order
LN 316 of 2023 has revised the Exemption from Duty in terms of Article 23 Order extending the deadlines in connection with the Exemption of duty on acquisition of residential property in Gozo....
29 December 2023
Taxation of gains or profit from activities carried out in an Exclusive Economic Zone
The Proviso to Article 4(1) of the Income Tax Act (CAP 123) has been revised by Act XXXV of 2023 to stipulate that income or capital gains arising from activities carried out in an exclusive economic zone area deemed to be carried out in Malta...
22 November 2023
Budget Measures Implementation Bill
The Budget Measures Implementation Bill - a bill to implement Budget Measures for the Financial Year 2024 and other administrative measures - has been published. View here. The Bill proposes amendments to: the Customs Ordinance Cap. 37 the Social Security Act Cap. 318 the Value Added...
31 October 2023
Malta Budget 2024
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2024. The following is an overview of some of the fiscal measures announced: A tax credit of a maximum of €500 on donations made by businesses to voluntary organisations...
30 October 2023