This week’s edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes Equity Allowance Proposal CFE Awards “The Albert J Raedler Medal” for Academic Excellence CFE Opinion Statement in Case C-788/19 (Commission v Spain) The Conference on the Future of Europe...

The Office of the CfR has published the updated list of child care centres, private independent schools, homes for the elderly and respite centres eligible for deduction claims.   source: cfr.gov.mt

MIT is pleased to announce that the applications for its MFHEA-accredited Tax Courses for 2022/23 have been launched. The MIT Course on Taxation (MQF 6) An intensive course which covers all aspects of local and international taxation, which has been designed for students from tax,...

CFE Tax Advisers Europe issued an Opinion Statement on the EU VAT in the Digital Age Consultation on 5 May 2022. On Digital Reporting Requirements, the CFE is of the view that if Member States will be required to implement such measures, it is highly desirable that the systems...

The definition of ‘intra-community acquisition’ has been revised by LN 140 of 2022 to include the application by the armed forces of a Member State taking part in a defence effort carried out for the implementation of a European Union activity under the common security and...

LN 138 of 2022 has revised item 14 of part 1 and item 9 of part 4 of the fifth Schedule to the VAT Act, adding to the list of exempt with credit supplies and imports, certain supplies of goods and services and imports intended...

On 11 May 2022 the Commission proposed a tax incentive to help businesses access financing, a measure that will introduce an allowance granting to equity the same tax treatment as debt. Details on the debt-equity bias reduction allowance (DEBRA) can be viewed here.

The Ministry for Finance and Employment has released a Press Release in relation to the repayment of taxes that were eligible under the Tax Deferral Scheme launched in March 2020 (See MIT News 20 March 2020). It has been announced that beneficiaries under the scheme...

The OECD has issued a public consultation document on the Regulated Financial Services Exclusion under Amount A of Pillar One and has invited stakeholders to send in their feedback by 20 May 2022.