LN 155 of 2019 introduced a new provision to part 4 of the Fifth Schedule to the VAT Act (CAP 406) which deals with exempt imports. With effect from 9 July 2019, the importation of goods, the total value of which does not exceed €430 per person,...

On 14 June 2019, the MIT had the honour of hosting Mr. John Petersen, Head of Aggressive Tax Planning – OECD, who delivered the MIT Master Class on Transposing ATAD II Anti-hybrid Rules. Mr. Petersen is responsible for Working Party 11 which produced the BEPS...

The Office of the Commissioner for Revenue has issued guidelines on the Mutual Agreement Procedure (MAP) which may be invoked with a view to resolving an international tax dispute, pursuant to the MAP provision in a Double Taxation Agreement or the EU Arbitration Convention (90/463/EEC)....

L.N. 116 of 2016, published on 6 June 2019, amending SL 406.13, introduced a revised definition of “non-resident traveller”, which now reads: “a traveller whose domicile or habitual residence is not situated within the Community” (removing the under-6-month threshold contained in the previous definition). Furthermore, the €100...

The Consolidated Group (Income Tax) Rules, 2019 (LN 110 of 2019), were published on 31 May 2019. The rules, which enable a parent company and a 95% subsidiary to form a fiscal unit, come into force with effect from YA 2020 in relation to fiscal units...

In virtue of L.N. 91 of 2019, the Double Tax Treaty between Malta and the Principality of Monaco, as published as a Schedule to Legal Notice 70 of 2019 entered into force on 16 May 2019.

The Malta Institute of Taxation launched its Master Class Series on 25thJuly 2018, with the first session entitled Digitalisation: Is it a Catalyst for International Tax Reform? The MIT Master Class is an interactive discussion forum on select tax topics, led by a local or foreign expert. The Masterclass takes the format...

The Direct Tax Committee of the Malta Institute of Taxation has prepared a Technical Paper on the basis of taxation for individuals...

The Indirect Tax Committee of the Malta Institute of Taxation carried out an analysis of the Malta VAT considerations of transactions involving Distributed Ledger Technology assets. The Technical Paper prepared by the Committee was submitted to the Office of the Commissioner for Revenue in the...