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...
The EU Commission has published a Guide to the One Stop Shop - the extended reporting platform which replaces the Mini One Stop Shop (MOSS) with effect from 1 July 2021. The Guide can be viewed here. source: ec.europa.eu...
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...
Guidelines on the rectification of VAT Registration from Article 10 to Article 11 have been published by the Office of the CfR. The guidelines set out the criteria applicable to the change in registration form article 10 to article 11 prior to the lapse of 6 months,...
The Commission has published draft amendments to Regulation 904/2010, concerning the extension of the special scheme to cover all distances sales of goods and services made to non-taxable persons. The proposed amendments can be viewed here. Feedback on the draft implementing regulation can be submitted until 18...
The European Commission has published the outcome from the Public Consultation held last year on the VAT Travel Agents Scheme. This can be viewed here. source: ec.europa.eu ...
Item 3 of the Seventh Schedule to the VAT Act has been revised (LN 52 of 2021) to include, in the exclusions from the 'taxable value', deposits which are regulated in terms of the Beverage Containers Recycling Regulations or any law which may be substituted therefor....
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...
