CFE Tax Advisers Europe has published an Opinion Statement responding to the European Commission Public Consultation on the special VAT scheme for travel agents. The CFE is of the view that there is a need to reform the TOMS scheme, for a number of reasons,...

The OECD/G20 Inclusive Framework on BEPS, has agreed during its 8-9 October 2020 meeting that the two-pillar approach they have been developing since 2019 provides a solid foundation for a future agreement. During the meeting, a new Blueprint for Pillar One of the project was...

The OECD has published a report, with the participation of over 50 countries, which analyses the approaches and policy gaps across the main tax types (income, consumption and property taxes) in these countries in connection with virtual currencies. Taxing Virtual Currencies was prepared for presentation to the October 2020 meeting of...

This week’s edition of the CFE Tax Top 5 looks at the following: OECD Digital Tax Webcast Update & Pillar 1 and 2 Consultation Council of the EU Update Blacklist of Non-Cooperative Jurisdictions for Tax Purposes EU Parliament Appoints New Financial Services & Capital Markets...

On 6 October 2020 the EU list of non-cooperative jurisdictions was updated as follows: Anguilla and Barbados were added to the EU list; Cayman Islands and Oman were removed from the list. Following this update, twelve jurisdictions remain on the list of non-cooperative jurisdictions for...

This week’s edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes VAT E-Commerce Explanatory Notes EU Commission Virtual Anti-Money Laundering Conference Tax Inspectors Without Borders Annual Report EU Commission Publishes Customs Union Action Plan Botswana, Eswatini, Jordan & Namibia Sign...

The MBR has today published guidance on the Register of Beneficial Owners of Commercial Partnerships. The document provides an overview of requirements in terms of the Companies Act (Register of Beneficial Owners) Regulations.   source: mbr.mt

 On 5 June 2020, Malta requested an authorisation from the Commission to continue to derogate from Article 287 of the VAT Directive and to apply this increased threshold until 31 December 2024. In terms of Article 287 of the EC VAT Directive (Directive 2006/112/EC), Malta...

The Commission has launched a roadmap toward the publication of a proposal for turning the VAT Committee into a ‘comitology committee’ – this would enable the VAT Committee to, by qualified majority, oversee the adoption of implementing acts by the Commission in the field of VAT....