Rates of excise duty revised
LN 429 of 2021 published on 9 November 2021 has revised the rates of excise duty of unleaded petrol and 'Gas Oil' as defined....
10 November 2021
2022 version of the Combined Nomenclature
The European Commission has published the 2022 version of the Combined Nomenclature (CN codes), which reflects the latest version of the Harmonised System (HS). The Combined Nomenclature inter alia determines which rate of customs duty applies on the importation of goods. source: ec.europe.eu...
1 November 2021
Budget Measures Implementation Bill 2021
Following the Minister for Finance’s budget speech delivered on 11 October 2021, a Bill entitled “An Act to implement Budget measures for the financial year 2022 and other administrative measures”, detailing some proposed amendments to the relevant laws, has been published. The Bill can be downloaded from...
25 October 2021
Focus on enforcement – interest on overdue taxes
In his Budget Speech for 2022 the Minster for Finance and Employment yesterday announced a change to the administrative practices around the granting of a remission for interest on overdue taxes pursuant to SL 372.26. In terms of the legislation the Commissioner may only remit interest...
12 October 2021
Malta Budget for 2022 – Highlights
Earlier this evening the Minister for Finance and Employment, the Hon Clyde Caruana, delivered the Budget Speech for 2022, which put social measures and measures addressing sustainability at the forefront. The following is an overview of some of the fiscal measures announced: An increase in the...
11 October 2021
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