The MTCA has published Legislative Update 1, summarising the legislative developments in tax in November and December 2023.

This week’s edition of the CFE Tax Top 5 looks at the following: OECD Release Updated Assessment of Impact of Global Minimum Tax Tax Priorities of the Belgian Presidency of the Council of EU EU Commission Publishes FAQs on EU Minimum Tax Directive Next Meeting...

Changes to the Tax Rebate (Pensioners) Rules (SL 123.179) were published in LN 6 of 2024 and apply to income earned on or after 1 January 2024.

The Pensions (Tax Exemption) Rules have been updated by LN 5 of 2024. The revised rules, which update the exemption thresholds for pensions income, entered into effect from 1 January 2024.

The Deduction (Income from Employment) Rules have been revised by LN 1 of 2024  increasing the income threshold of €10,535 in Rule 2 to €11,620. The new rules apply with effect from YA 2025.  

The MTCA has announced that the Annual Notification for non-disclosing intermediaries which is due by 29th February 2024 is available for download here​.  Notifications are to be made by sending a signed copy of the completed document together with the Excel file to mdr.mfin@gov.mt.

The MTCA has published the  Social Security and Maternity Fund Contributions rates applicable for the basis year 2024. These may be viewed here.

The MTCA has published updated guidance in relation to the Notional Interest Deductions Rules.

The Commissioner for Tax and Customs has announced that, with effect from the period covered by the year of assessment 2024, any expenditure of a capital nature incurred on Intellectual Property or Intellectual Property Rights may, at the option of the person that has incurred...