CFE Conference on Taxpayer Rights and Legal Certainty in the Digital Era

The CFE 13th European Conference on Tax Advisers’ Professional Affairs on the topic “Taxpayer Rights and Legal Certainty in the Digital Era” will take place ONLINE via Zoom on Monday 30 November 2020 from 3:30 to 5:00 CET. "The webinar conference will welcome tax experts and...

Malta authorised to apply increased threshold for small undertakings till 2024

In terms of Council Implementing Decision (EU) 2020/1662 of 3 November 2020 Malta's request to continue to apply a special measure derogating from Article 287 of Directive 2006/112/EC, and to increase the threshold for small undertakings, was acceded to. To date a €20,000 threshold applies to...

Second Time Buyers Scheme extended

LN 427 of 2020 published on 10 November 2020 has amended the Duty on the Acquisition of the Second Immovable Property to be used as Sole Residence (Exemption) Order [LN 364.17], implementing the announcement in the Budget for 2020, extending the application of the order...

VAT Commitee Guidelines updated

The VAT Commitee Guidelines have been updated to add a guideline issued pursuant to the 116th Meeting of 12 June 2020 in connection with the application of the exemption (with credit) for Intra-EC Supplies in terms of article 138(1) of Directive 2006/112EC, when the customer...

Assigned or delegated CfR services

The office of the CfR has notified that as from 1st November 2020 delegated or assigned CFR online services can only be accessed if authorised through CFR03 or CFR02.   source: cfr.gov.mt  ...

Review of VAT rules for FSI – EU consultation

The VAT rules for financial and insurance services, in particular, the exemptions in article 135 of Directive 2006/112, are criticised for being complex, difficult to apply and for not having kept pace with the developments of new services in the sector. The European Commission had already...

Malta Budget 2021 – Social Measures

On 19 October 2020 the Minister for Finance and Financial Services, Prof. Edward Scicluna, delivered the Budget Speech for 2021. The following is an overview of some of the social measures announced: Cost of living increase of €1.75c; An additional day of leave for employees; Children’s...

Malta Budget 2021 – Fiscal measures

Earlier this evening the Minister for Finance and Financial Services, Prof. Edward Scicluna, delivered the Budget Speech for 2021. The following is an overview of some of the fiscal measures announced. Tax Refund In 2021, eligible persons will receive a tax refund in an amount ranging from €45 to...