Act XXXVIII of 2024 published on 17 December 2024 has introduced changes to the VAT Act implementing the changes to the EU VAT Directive (Dir 2006/112EC) introduced by Directive 2020/285  as regards the special scheme for small enterprises (See MIT News 20 February 2020). Further changes to...

The Taxation of Business of Insurance following the adoption of the International Financial Reporting Standard 17 Insurance Contracts Rules, 2024 have been published by LN 334 of 2024. The rules apply to any person that derives gains or profits wholly or in part from the...

LN 325 of 2024 has extended the periods of applicability, by another year, of measures under the following laws: Exemption of Duty in terms of article 23 Order Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order Duty on the...

The Deductions and TaxCredits (Relevant Qualifications for Industry) Rules (SL 123.107) have been revised by LN 323 of 2004, extending the Get Qualified Scheme up until 31 December 2025. Under the Get Qualified Scheme Students following courses approved by the Malta Enterprise can apply for...

The MTCA has issued a Notice to Tax Representatives who downloaded the supplementary tax return document Version1.1 from the MTCA website on November 27th or 28th, 2024, that is no longer available. View here.

This week’s edition of the CFE Tax Top 5 looks at the following:   Revised EU Energy Taxation Directive: Presidency Progress  European Parliament FISC International Tax Policy Hearing European Parliament Approves Revised Council Proposal on FASTER  OECD Secretary-General G20 Report  OECD Consumption Tax Trends Report   ...

Further to the changes to the Excise Duty Act announced in the Budget Measures Bill, which, once enacted, will come into effect on 1 January 2025, the Malta Tax & Customs Administration has published a notice to operators which contains guidance on the transition to...

The EU Commission has launched a portal dedicated to the VAT rules for Small Enterprises (i.e. the ‘small undertakings’ under the Malta VAT Act). The new VAT rules for Small Enterprises will enter into effect on 1 January 2025. Under the new rules, businesses which...

A bill to amend the VAT Act (CAP 406) has been published – view here. The changes proposed to the VAT Act, implement the changes to the VAT Directive (Dir 2006/112EC) introduced by Directive 2020/285  as regards the special scheme for small enterprises (See MIT...