LN 282 of 2019,  published on 5 November 2019, revised the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules (S.L. 123.141). In terms of article 1(2) of the amending rules, the amendments shall be deemed to have come into force on 1st January 2019.  The amended provisions...

The Guidelines in relation to the Notional Interest Deduction rules have been revised and a new paragraph has been added to the rules. The new paragraph (xii) entitled: Attribution of the Deemed Interest Income on Alternative Bases reads as follows: In terms of the proviso to...

This week’s edition of the CFE Tax Top 5 looks at the following: EU Ministers to Discuss VAT-Related Directives; EU: North Macedonia Compliant With EU’s Tax Good Governance Standards; OECD Releases Further CbCR Implementation Guidance; CFE Conference On Anti-Money Laundering: Paris – 29 November 2019;...

LN 281 of 2019 has amended the following subsidiary legislation enacted under the Duty on Documents and Transfers Act, implementing measures announced in the Budget for 2020. Amendment to the Exemption of Duty in terms of article 23 Order (S.L. 364.12) A new proviso to...

LN 280 of 2019 has notified the entry into force, on 20 September 2019, of the Convention between the Government of the Republic of Malta and the Government of the Republic of Kosovo for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion...

The week’s edition of the CFE Tax Top 5 looks at the following: • Tax Transparency: European Parliament Push on Public CbCR; • OECD ‘Unified Approach’ Public Consultation on 21-22 November in Paris; • Tax Dispute Resolution: BEPS Action 14 Peer Review Reports; • CFE’s...

In order to help you keep informed of recent EU & international tax policy developments, please see below the “CFE’s Tax Top 5” for a summary of the main developments. This week’s edition looks at the following: • EU and the United Kingdom Reach a...

Following the Minister for Finance’s budget speech delivered on 14 October 2019, a Bill entitled “An Act to implement Budget measures for the financial year 2020 and other administrative measures”, detailing proposed amendments to the relevant laws, implementing the measures announced, has been published. The Bill...

These are some of the main fiscal measures announced by the Minister for Finance in the Budget Speech for 2020: Income Tax A reduced rate of tax of 15% on the first 100 hours of employee overtime, for employees with a basic salary of under...