The Commissioner for Revenue has announced that the electronic filing deadline for year of assessment 2021 income tax returns in respect of companies having a 31 December 2020 accounting year-end is being further extended to Wednesday 1st December 2021.​

Further to the publication of LN 461 of 2021 (see MIT news 28 November 2021), the Office of the CfR has published guidelines on the Income Tax and Stamp Duty Benefits on Certain Property Transfers announced in the Budget for 2022. The guidelines can be...

Further to the announcement in the Budget for 2022 of the introduction of a tax exemption on first €750,000 on transfers of certain property (property constructed over 20 years ago which has been vacant for 7 years, property in an UCA or property with traditional...

The Extension of Exemptions (Duty on Documents and Transfers Act) Order, 2021 (LN 460 of 2021) has revised subsidiary legislation issued under the Duty on Documents and Transfers Act, extending the application of the duty exemptions under: the exemption from Duty in terms of Article 23 Order...

The Enforcement Measures to Recoup Established Duties and Taxes Regulations, 2021 have been published under the Import Duties Act pursuant to LN 440 of 2021. The Regulations provide for the power of the Commissioner, in the event of delays in settling duties due on imported...

This week’s edition of the CFE Tax Top 5 looks at the following: European Parliament Adopts Public Country-by-Country Reporting Legislation Carbon Trading Mechanism Agreed at COP26: World’s Climate Policy Summit Register Now: CFE Conference on “Professional Judgment in Tax Planning” on 25 November 2021 Tax Inspectors...

The Office of the CfR has issued version 1.1 of the Guidelines on the Mandatory Automatic Exchange of Information in relation to Cross-Border Arrangements. The updated guidelines are available for download from the CfR Website​. The updates relate to the annual notification of non-disclosing intermediaries...

The Malta Institute of Taxation and the Institute of Financial Services Practitioners have considered the provisions and implications of the Exemption from Tax on Property Transfers (Set-off of Tax Arrears) Rules, S.L. 123.202 (the ‘Rules’) and are of the view that the Rules are not...

The Office of the CfR has notified that the annual notification by non-disclosing intermediaries that is required in terms of regulation 13(7)(e) of the Cooperation with Other Jurisdictions on Tax Matters Regulations is now available for download from the CfR Website. The deadline for submission of this annual...

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