The European Commission has launched a public consultation on the VAT rules for Financial Services and Insurance. The objective of this public consultation is to obtain the views of stakeholders on the current VAT rules on financial and insurance services and their functioning as well...

Pursuant to LN 39 of 2021, the Enrolled Voluntary Organisations (Tax Exemption) Rules (SL 123.190) have been revised. In terms of the changes, which apply as of year of assessment 2022, the tax exemption in terms of Rule 3 applies to enrolled organisations whose turnover for...

This week’s edition of the CFE Tax Top 5 looks at the following: OECD BEPS Action 14 Public Consultation EU Court of Auditors Assesses 70 Billion Lost Annually Through Corporate Tax Avoidance EU Commission Extends Scope of Temporary State Aid Framework Chair of EU Business...

LN 29 of 2021 introduced changes to the HQP Rules [SL 123.126], namely: Allowing persons who apply to benefit under the HQP Rules to be eligible for two further extensions (instead of one, as previously applied) of 5 years (EEA and Swiss nationals) or 4...

With effect from 28th February 2021 the service currently being offered by local commercial banks in relation to the submission and payment of VAT returns will be terminated. The Office of the CfR encourages the submission of  VAT returns and payments through the electronic portals...

The Office of the CfR has announced an update to the upcoming reporting deadlines: Cross-border arrangements where the trigger point for reporting took place between 1 July 2020 and 31 December 2020 –  Monday 1 February 2021. Reportable cross-border arrangements the first step of which was...

The Office of the CfR has announced that the personalised excel spreadsheet enabling submission of DAC6 reports by reporting entities not having the facility to upload an XML data file is now available for download. Persons duly registered for DAC6 reporting can access the excel...

This week’s edition of the CFE Tax Top 5 looks at the following: EU Parliament Adopts Resolution Urging Revisions to EU Tax Blacklist Process OECD Tax & Development Day – 29 January 2021 ECOFIN Discusses Portuguese Presidency Priorities EU Commission Proposes to Extend Temporary State...

The office of the Commissioner for Revenue has announced that access to submit DAC6 reports in XML format is now available through the CfR online portal. A personalised excel spreadsheet will be available for download in the coming days to enable reporting by those reporting entities...