2023 NI and maternity benefit rates
The revised social security and maternity benefit rates for 2023 have been published by the office of the CfR. View the revised rates here....
21 December 2022
CfR clarification on ‘Recognised Stock Exchanges’
The Office of the CfR has issued a guidance note which clarifies which stock exchanges are recognised by the CfR for the purposes of the Income Tax Acts and the Duty on Documents and Transfers Act: Stock exchanges that are members of the World Federation of...
21 November 2022
Latest version of CN published
The European Commission has published the latest version of the Combined Nomenclature (CN) applicable as from 1 January 2023. The latest version is now available in the EU Official Journal L 282 of 31 October 2022. source: taxation-customs.ec.europa.eu...
9 November 2022
Summary of budget fiscal measures
The Office of the CfR has published an overview of the budget measures relating to Income Tax which were announced in the budget speech for 2023. Download here....
9 November 2022
Budget Measures Implementation Bill
Following the Budget 2023 speech earlier this week, the Budget Measures Implementation Bill has been tabled in Parliament. View the Bill here....
26 October 2022
Budget 2023 – Fiscal Measures Highlights
Yesterday evening the Minister for Finance and Employment, the Hon Clyde Caruana, delivered the Budget Speech for 2023. The following is an overview of some of the fiscal measures announced: Tax refunds will once again be issued in 2023, ranging from €60 to €140, to individuals...
25 October 2022
Malta Budget 2023: Pre-Budget Consultation
The Ministry for Finance launched a Pre-Budget 2023 Consultation. The Pre-Budget document and presentation can be viewed here. Updated 23 September 2022: The Prime Minister has announced that the Budget for 2023 will be announced on 24 October 2022....
20 September 2022
Interest rate on unpaid VAT increased
The rate of interest applicable in terms of article 21(4) of the VAT Act has been increased from 0.33% to 0.6% with effect from 1 September 2022 (LN 227 of 2022). The Legal Notice includes a proviso that the interest rate remains 0.33% for balances...
15 September 2022
Amendment to the Exemption from Duty in terms of Article 23 Order
LN 224 of 2022 has revised Article 5 of the Exemption from Duty in terms of Article 23 Order (SL 364.12), inter alia extending the 30 September 2022 deadline for the transfer to be effected (where the Notice of the Promise of Sale was notified before...
9 September 2022