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...
The Office of the CfR has published the 2020 Annual Average Exchange Rates of the Euro. Click here for details....
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...
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...
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)....
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...
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...
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...
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...
