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
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)....
5 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...
5 April 2021
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...
13 March 2021
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...
26 February 2021
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...
10 February 2021
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...
20 January 2021