Excise duty on fuel reduced
LN 250 of 2020 published on 19 June 2020 amends the Excise Duty Act (CAP 382), reducing excise duty on certain products listed in the Fourth Schedule to the Act by €0.06c per litre....
22 June 2020
Suspension of Legal Times under the Revenue Acts Order repealed
The Suspension of Legal Times (Revenue Acts) Order, 2020, which was published on 3rd April 2020 (see MIT News 5 April 2020) has been repealed in virtue of LN 242 of 2020. As a result: any legal time that was suspended and that had commenced running before the...
15 June 2020
Stamp duty reduction on property transfers – legislation published
Following the announcement made on 8 June 2020 concerning the measures for the regeneration of the economy following the COVID-19 pandemic (see MIT News 9 June 2020), the Exemption of Duty in Terms of Article 23 Order (SL 364.12) has been revised in virtue of...
15 June 2020
CfR Guidance on COVID Recovery measures
The Commissioner for Revenue has issued guidance on the recovery measure announced on the 8th June 2020 concerning the reduced rates of income tax and duty on documents and transfers on certain property transfers, specifically: a reduction in the stamp duty of the acquisition of immovable...
10 June 2020
COVID-19 Tax Deferral – Update
On 8 June 2020 the Minister for Finance announced that the measure permitting the deferral of the payment of taxes (see MIT News 20 March 2020) will be extended, with regard to some of the eligible taxes, until the end of August. Provisional Tax, VAT and...
9 June 2020
Reduction in taxes on property transfers
On 8 June 2020 a package of measures intended to regenerate the economy in the wake of COVID-19 were announced. These measures included: a reduction in the stamp duty of the acquisition of immovable property (residential) from 5% to 1.5%; and a reduction in the final...
9 June 2020
New CfR online services – electronic forms processed in real time
The Commissioner for Revenue has announced that the following 5 new online services have been launched for persons in business as from 1 June 2020: PE Registration Form, PE Deactivation Form, PE Reactivation Form, VAT – Change in Register and VAT – Maintain Economic Activity. Requests...
1 June 2020
COVID-19 Wage supplement: SSC for self-employed
The office of the Commissioner for Revenue has issued a notice on the social security considerations relevant to self-employed persons in connection with the COVID-19 wage supplement. The notice clarifies that: The wage supplement (€800 or less) replaces or supplements the normal income of the self-employed and therefore is...
21 May 2020
Amendment to DDTRs
LN 168 of 2020 published on 30 April 2020 amends the Duty on Documents and Transfers Rules, establishing a deadline within which duty refundable in terms of article 62 of the Duty on Documents and Transfers Act must be refunded. The new paragraphs (4) and (5)...
1 May 2020