The VAT Commitee Guidelines have been updated to add a guideline issued pursuant to the 116th Meeting of 12 June 2020 in connection with the application of the exemption (with credit) for Intra-EC Supplies in terms of article 138(1) of Directive 2006/112EC, when the customer...

The European Commission has published the latest version of the Combined Nomenclature (CN), the tool for classifying goods, which determines which rate of customs duty applies and how the goods are treated for statistical purposes. The latest version, which applies from 1 January 2021, is available...

This week’s edition of of the CFE Tax Top 5 looks at the following: EU Commission Publishes Taxpayers’ Rights Communication & Recommendation Roadmaps OECD Publishes Revised Action 13 Peer Review Methodology EU Commission Roadmap on VAT Rules for Financial & Insurance Services Save the Date:...

The office of the CfR has notified that as from 1st November 2020 delegated or assigned CFR online services can only be accessed if authorised through CFR03 or CFR02.   source: cfr.gov.mt  

The Budget Measures Implementation Bill (Bill 173 of 2020) has proposed a series of amendments to the Duty on Documents and Transfers Act (CAP 364), including, an amendment to the definition of the term “Document”. The term, which is currently defined as including as a “policy of...

The Budget measures Implementation Bill [Bill No. 173] has proposed the introduction of a new proviso to article 12(1)(u)(1) of the Income Tax Act (CAP 123) in terms of which the exemption from tax of income derived from a qualifying participating holding shall not apply to...

The Budget measures Implementation Bill [Bill No. 173] is proposing the introduction of a new exclusion from deductions permitted under the Income Tax Act (CAP 123). It is being proposed that the following be added to the list in article 26 of the Act: “(i)...

Pursuant to the announcement in the Budget for 2021 of a flat rate of 15% on royalties earned by authors (See MIT news 19 October 2020), article 15 of the Budget Measures Implementation Bill sets out the proposed new article 31F of the Income Tax...

This week’s edition of the CFE Tax Top 5 looks at the following: CJEU Decision in Cross-Border Exchange of Information Cases OECD Digital Tax Economic Impact Assessment Webinar Save the Date: CFE Professional Affairs Virtual Conference on Taxpayers Rights – 30 November EU Commission Commences...