In a statement issued earlier today the EU Commission highlighted that EU State aid rules enable Member States to take action to support citizens and businesses, in particular SMEs, who are facing economic difficulties due to the COVID-19 outbreak. Measures which are compatible with State Aid...

The Malta Business Registry has announced that, in view of the current situation, its offices will be closed to the public until further notice. They will however continue to provide services in accordance with the procedures set out below: Registration of documents through online services...

This week’s edition of the CFE Tax Top 5 looks at the following: EU Commission Publishes Tax Evasion & Tax Simplification Roadmap; Turnover Taxes Not Discriminatory: ECJ Decisions in Tesco & Vodafone; EU Green Deal – Energy Taxation & Carbon Border Adjustment Inception Impact Assessments;...

Further to the consultation on the revised Risk Evaluation questionnaires (REQs) held earlier this year, the FIAU has published the 2020 REQs on its website. Subject Persons, which includes Tax Advisors, are required to complete and submit the respective REQ via the CASPAR system. Guidance on...

This week’s edition of the CFE Tax Top 5 looks at the following: Vestager: Member States’ Digital Taxes Not State Aid; European Semester Reports: Overview of Key Socio-Economic Parameters; ECJ Revisits ‘Final Losses’ Doctrine in Case C-405/18 AURES; OECD Publishes Dispute Resolution Reports; Taxpayers’ Rights:...

The Office of the Commissioner for Revenue has announced that they will no longer be accepting payments by bank drafts/cheques drawn on foreign banks. Furthermore, refunds of tax may no longer be issued through the use of bank drafts/cheques in foreign currencies.

This week’s edition of the CFE Tax Top 5 looks at the following: EU Developments: Parliamentary Week & Article 116 TFEU to Bypass Unanimity in Tax at EU Level; G20 Communiqué: Overcome Remaining Differences for Further Progress; VAT: Simplified Rules for Small Businesses & Cross-Border...

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS , the OECD has released a public consultation document on the review of Country-by-Country Reporting (BEPS Action 13). Action 13 of the BEPS Project established a three-tiered standardised approach to transfer pricing documentation,...

LN 29 of 2020 amends Regulation 10 of the EuropeanUnion Anti-Tax Avoidance Directives Implementation Regulations relating to Reverse Hybrid Mismatches, clarifying that this provision enters into effect on 1 January 2022.