On 4 February the OECD launched a  public consultation on Pillar 1 of the international taxation agreement, which concerns tax allocation rules. Stakeholders are invited to give feedback on the new Draft Rules for Nexus and Revenue Sourcing by no later than 18 February 2022. The...

The Budget Measures Implementation Act (Act VII of 2022), implementing Budget Measures for the Financial Year 2022 and other administrative measures, was published on 8 February 2022.

A new proviso to Rule 3 of the Tax on Overtime Rules (SL 123.200) has been added by LN 68 of 2022: “Provided that with effect from the year of assessment 2023, the said provisions of article 90B of theAct shall apply to qualifying overtime...

LN 67 of 2022 has deleted the schedules to the Part-time Work Rules (LN 123.39), and the references to the forms in the schedules in Rules 8 and 9 have been replaced by “such form as the Commissioner may approve”.    

Schedule A of the Final Settlement System Rules (SL 372.14) has been replaced further to LN 66 of 2022.

This week’s edition of the CFE Tax Top 5 looks at the following: OECD Launches Public Consultation on Pillar 1 Draft Rules for Nexus & Revenue Sourcing EU Parliament Subcommittee on Tax Matters to Review EU Energy Tax Audit Member States Push to Delay EU Pillar II Implementing...

The Commissioner for Revenue has published the extended deadlines for the electronic filing of income tax returns for companies for FY 2021.   source: cfr.gov.mt

Changes to the Tax Rebate (Pensioners) Rules (SL 123.179) were published in LN 27 of 2022, applicable to income earned on or after 1 January 2022.

LN 28 of 2022 has revised Rule 2(a) of the Deduction (Income fromEmployment) Rules (SL 123.149).