MTCA publishes legislative update
The MTCA has published Legislative Update 3 of 2024, which gives an overview of subsidiary legislation issued under the Income Tax Acts between January and April 2024. source: cfr.gov.mt...
23 April 2024
MIT VAT Practitioners’ Forum 2024
The second edition of the MIT VAT Practitioners’ Forum was held on 9 April 2024 at the Hyatt Regency Malta, St. Julian's. Organised by the MIT’s Indirect Tax Technical Committee, the theme of this year's forum was 'Input Tax Deductions', and the focus was the...
16 April 2024
Budget Measures Implementation Act 2024
The Budget Measures Implementation Act – Act XIII of 2024 – has been published. View here. The Act amends: the Customs Ordinance Cap 37 the Income Tax Act. Cap 123 the Central Bank of Malta Act Cap 204 the Social Security Act Cap 318 the Duty...
2 April 2024
VAT Guidelines – 12% rate for custody of securities
The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of custody of securities. View here. Read more [...
1 April 2024
EU Consultation on Tax Dispute Resolution
The European Commission launched a consultation on the functioning of the EU’s framework to help resolve cross-border tax disputes in relation to double taxation issues. The consultation requests feedback on the Directive on Tax Dispute Resolution Mechanisms (DRM Directive) which came into force on 1...
22 March 2024
Guidelines on the 0% VAT for disability aids & devices
Further to the introduction of the exemption (with credit) on supplies to recognised non-profit making organisations of devices and aids, including related goods, which are essential to compensate or overcome disability in humans (See MIT news 26 January 2024), the MTCA has published guidelines which...
6 March 2024
February VAT Return Deadline EXTENDED
The MTCA has announced an extension of the VAT Return deadline (VAT period October - December 2023), including the payment deadline, from 22 February 2024 to Monday 26 February 2024...
24 February 2024
CESOP data specifications document
The MTCA has published a Data Specifications Document - view here. For more information on the reporting obligations of Payment Services Providers and the reporting procedures under CESOP, visit the MTCA CESOP portal here....
15 February 2024
VAT Guidelines on the 12% rate for management of credit and credit guarantees
The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of management of credit and credit guarantees. View here. *** Understanding the scope of the 12% VAT Rate Join us on 29...
12 February 2024