Budget Measures Implementation Act 2021

The Budget Measures Implementation Act (Act XVIII of 2021) was published on 16th April 2021.   The Act amends: Part II: Customs Ordinance Part III: Income tax Act Part IV: Social Security Act Part V: Duty on Documents and Transfers Act (click here to view an overview of the changes) Part VI: Motor...

Amendment to Exemption from Duty in terms of Article 23 Order

Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12) has been revised (LN 130 of 2021), inter alia extending its application to transfers of immovable property inter vivos made before 1 August 2021 (previously 1 April 2021)....

COVID-19 Tax Deferral Scheme – CfR guidance updated

The COVID-19 Fiscal Assistance has been extended to cover eligible taxes (as defined) due up until December 2021. The updated guidance provides that settlement of eligible taxes will start from May 2022. The deadline for submission of an application for a tax deferral (via the Malta Enterprise website ) is...

Amendments to the Revenue Acts

Act VIII of 2021 was published on 12 March 2021 (enacting Bill 199 - see MIT News 26 February 2021). The Act introduces a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add...

Various Revenue Acts Bill

Bill 199 published on 25 February 2021 proposes a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add Tax Act The stated objects and reasons of the Bill are to amend a number...

REQs 2021

The 2021 Risk Evaluation Questionnaires (“REQs”) will be available for completion by subject persons as from 1st March 2021 on the Compliance and Supervision Platform for Assessing Risk (CASPAR) System. The submission deadline for Tax Advisors is 21st April 2021. A copy of the revised 2021 REQs per...

Procedure for submission of share transfer notices

The Commissioner for Revenue and the Registrar of Companies have announced that documents relating to share transfers, changes in issued share capital/voting rights of companies and other commercial partnerships where applicable, and transfers of interests in partnerships, requiring registration by the ICTU, are to be delivered to...

2020 FSS end-of-year documents

The deadline for submission of the FS3 and FS7 is 15 February 2021. The Office of the CfR has notified that employers submitting more than 9 FS3 documents are obliged to file electronically, whilst employers submitting less than 9 forms can submit electronically or manually. Manual FS7 and...

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