The European Commission has published the 2022 version of the Combined Nomenclature (CN codes), which reflects the latest version of the Harmonised System (HS). The Combined Nomenclature inter alia determines which rate of customs duty applies on the importation of goods.   source: ec.europe.eu

As a Member of the EU Commission’s VAT Expert Group, the Malta Institute of Taxation, represented by Sarah Cassar Torregiani, is participating in the Fiscalis Meeting on VAT in the Digital Age. Representatives from Member States tax authorities, select industry stakeholders and Members of the...

This week’s edition of the CFE Tax Top 5 looks at the following: US, UK & EU Countries Agree Transitional Repeal of Unilateral Digital Taxes Platform for Collaboration on Tax Publish 2021 Report Register Now: CFE Conference on “Professional Judgment in Tax Planning” on 25...

Following the Minister for Finance’s budget speech delivered on 11 October 2021, a Bill entitled “An Act to implement Budget measures for the financial year 2022 and other administrative measures”, detailing some proposed amendments to the relevant laws, has been published. The Bill can be downloaded from...

A new regulation 8 has been added to the Investment Aid Regulations 2021, pursuant to LN 390 of 2021, which inter alia regulates the computation of the investment tax credit, provides that where the benefitting undertaking distributes the income which was relieved from tax, the dividend...

The European Commission published its work programme for 2022 on 19 October 2021. The programme includes the following initiatives: A legislative proposal for 2022 under the heading ‘VAT in the digital age’ covering 1) VAT reporting obligations and e-invoicing 2) VAT treatment of the platform...

This week’s edition of the CFE Tax Top 5 looks at the following: G20 Endorse International Taxation Agreement Forum on Tax Administration Vows to Investigate Pandora Paper Data Register Now: CFE Conference on “Professional Judgment in Tax Planning” on 25 November 2021 EU Commission Publishes Roadmap...

This week’e edition of the CFE Tax Top 5 looks at the following: Historical Agreement on International Taxation Under OECD Auspices EU Updates ‘Blacklist’ of Non-Cooperative Jurisdictions European Parliament Resolution on EU Code of Conduct for Business Taxation EU Climate Policy Support In Advance of...

In his Budget Speech for 2022 the Minster for Finance and Employment yesterday announced a change to the administrative practices around the granting of a remission for interest on overdue taxes pursuant to SL 372.26. In terms of the legislation the Commissioner may only remit...