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Further to the introduction of the exemption (with credit) on supplies to recognised non-profit making organisations of devices and aids, including related goods, which are essential to compensate or overcome disability in humans (See MIT news 26 January 2024), the MTCA has published guidelines which...
This week’s edition of the CFE Tax Top 5 looks at the following: OECD Tax & Development Days EU Commission Opens First Investigation on Foreign Subsidies Under New Regime EU Council Updates List of Non-Cooperative Jurisdictions for Tax Purposes Frankfurt to Host new EU AML...
The Commission has launched the Proof of Union Status system, a platform for the submission and processing of T2L and T2LF data which are a means to prove the Union status of goods in free circulation which have been brought from one point to another...
The Second and Sixth Schedules to the Excise Duty Act have been revised by LN 42 of 2024 and LN 43 of 2024. The scope of the amendments is to further implement Council Directive 95/60/EC regarding the fiscal markings of gas oils and kerosene and...
The Seed Investment (Income Tax) Rules 2024 were published by LN 45 of 2024, repealing the Seed Investment (Income Tax) Rules 2022 (See MIT News 20 December 2022). The new rules apply in respect of investments made as from basis year 2024 onwards and shall...
The MTCA has published the extended deadlines for submission of corporate tax returns online. Click here. As in previous years, the extensions apply to the return submission dates and not to the tax payment deadlines.
The MTCA has announced the publication of Version 4.6 of the DAC 2 guidelines which contains updates to Appendix 1 and Appendix 2. View Version 4.6 here.
The EU List of non-co-operative jurisdictions has been updated, with Bahamas and Turks and Caicos Islands delisted and Belize and Seychelles moved to Annex II pending the results of a supplementary review by the Global Forum on Tax Transparency and Exchange of Information. The remaining...
Further to the transposition of the Global Minimum Tax Directive into Maltese Law (See MIT News 23 February 2024) the MTCA has issued the following guidance note.