The office of the CfR has announced that the electronic filing deadline for year of assessment 2020 tax returns in respect of companies having a 31 December 2019 accounting year-end is being further extended to 16 December 2020.   source: cfr.gov.mt

In terms of Council Implementing Decision (EU) 2020/1662 of 3 November 2020 Malta’s request to continue to apply a special measure derogating from Article 287 of Directive 2006/112/EC, and to increase the threshold for small undertakings, was acceded to. To date a €20,000 threshold applies...

On 1 October 2020, Malta and Russia signed amendments  to the Double Taxation Relief (Taxes on Income) (Russian Federation) Order, which were published on 10 October 2020 in virtue of LN428 of 2020. These amendments will enter into force on such date as may be announced in the...

LN 427 of 2020 published on 10 November 2020 has amended the Duty on the Acquisition of the Second Immovable Property to be used as Sole Residence (Exemption) Order [LN 364.17], implementing the announcement in the Budget for 2020, extending the application of the order...

LN 427 of 2020 published on 10 November 2020 has amended LN 364.16, implementing the announcement in the Budget for 2021, extending the application of article 3 by one year to transfers made on or after the 10th October 2017 but before the 1st January 2022....

Article 3 of the Exemption of Duty in terms of article 23 Order [SL 364.12], which deals with the exemption of duty on acquisition of first immovable property, has been revised in virtue of LN 427 of 2020, published on 10 November 2020, inter alia...

The Office of the CfR has announced that the Electronic Lodgement Specifications has been updated. The updates include fields relating to director’s fees and overtime eligible for the 15% tax deduction. Click here to view the updated document.   source: cfr.gov.mt

The Office of the CfR has published a guidance note which is intended to provide a general overview of the European Union Dispute Resolution Mechanisms Directive Implementation Regulations (SL 123.191).   source: cfr.gov.mt

This week’s edition of the CFE Tax Top 5 looks at the following: Joe Biden Elected 46th President of the United States ECOFIN: Ministers Endorse EU-Level AML Supervision EU Commission October Infringements Package Published Registration: CFE Professional Affairs Virtual Conference on Taxpayers Rights – 30...