Go to news page
TAX NEWS
An extension of the submission deadline for submission of the income tax return for YA 2023 by individuals has been announced. The deadline of 30 June 2023 is extended to 31 July 2023 for returns submitted electronically.
The Office of the CfR has announced that an application for the reprinting of the VAT Registration Certificate and Information sheet can now be made online via the VAT e-Services portal.
On 16 May 2023, EU Finance Ministers reached political agreement on the general approach for amendments to the Directive on Administrative Cooperation in the area of taxation, primarily concerning reporting and automatic exchange of information on: revenues from transactions in crypto-assets and information on advance...
The proposed reform to the EU Customs Union (See MIT News) includes proposed amendments to the VAT Directive, specifically to the Import One Stop Shop (IOSS): extending the application of the deemed supplier rule (currently limited to distance sales of imported goods not exceeding...
The Commission has put forward proposals for a comprehensive reform of the EU Customs Union, which is being hailed as the most ambitious proposed reform since its establishment in 1968. The proposed measures are intended to simplify customs processes for business, cutting down on cumbersome...
The Malta Tax and Customs Administration has launched the ‘Delivering Transformation Strategic Plan 2023-2025′. “A decision has now been taken to revitalise the integration strategy and process, working to achieve a ‘modern and adaptive’ Tax and Customs Administration for Malta that is truly aligned with the...
The Office of the CfR has issued guidance on the implementation of the increase in the administrative penalty, introduced with the Budget Measures Implementation Act (See MIT News 10 April 2023), imposed upon the late filing of recapitulative statements required to be made in terms...
The Malta Institute of Taxation will be holding its Annual General Meeting online on Friday 16th June 2023 at 4.00pm. MIT Members are invited to submit any motion/s which they wish to bring before the AGM by no later than close of business on Friday 26th...