Malta Budget 2022
Earlier this week it was announced that the Budget for 2022 will be presented on Monday 11 October 2022....
1 September 2021
Reduced rate of duty on certain property transfers extended
LN 324 of 2021 published on 6 August 2021 has extended the application of the reduced rate of duty of 1.5% on the first eur400,00 on transfers inter vivos of immovable property, to transfers made before 1 January 2022 (previously 1 August 2021). Furthermore, the relevant...
9 August 2021
Law enforcement access to financial information
LN 312 of 2021, published on 26 July 2021, has transposed EU Directive 2019/1153 which lays down rules facilitating the use of financial and other information for the prevention, detection, investigation or prosecution of serious criminal offences, including tax evasion....
2 August 2021
Amendment to the Exemption from Duty in terms of Article 23 Order
A new proviso to Article 3 of the Order has been added in connection with the exemption of duty on acquisition of first immovable property, specifically in respect of transfers of property made on or after the 9th June 2020. The new proviso (see LN...
5 July 2021
Information for EU exporters – optional deferral of UK import formalities
Up until 31 December 2021, authorised UK importers have the possibility to defer their import formalities for up to 175 days from the date of entry of non-controlled EU goods into the UK. source: ec.europa.eu...
2 June 2021
MIT-CIOT Collaboration: webinar on the direct and indirect tax considerations post-Brexit
On Monday 24th May, the Malta Institute of Taxation, together with the UK Chartered Institute of Taxation hosted a panel discussion on the key direct and indirect tax considerations post-Brexit. The panellists were: For the Malta Institute of Taxation: Dr Trudy Muscat (Associate Director, KPMG Malta) and...
27 May 2021
2020 Annual Average Exchange Rates of the Euro
The Office of the CfR has published the 2020 Annual Average Exchange Rates of the Euro. Click here for details....
27 May 2021
Waiver of VAT and duty on import of medical and protective equipment extended
The Commission has decided to extend to temporary waiver of customs duty and VAT on the importation of medical and protective equipment used in the fight against COVID-19 until 31 December 2021. The relief was originally introduced in April 2020 and was extended to apply to...
20 April 2021
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...
19 April 2021