The Commissioner for Revenue has announced that the Online Application for the Registration of a Fiscal Unit in terms of the Consolidated Group (Income Tax) Rules is available on the Commissioner for Revenue income tax portal as from today, 18 May 2020. The Commissioner for...

The Assignments of Rights Acquired under a Promise of Sale Agreement Rules, 2020 were published in virtue of LN 191 of 2020. The rules, inter alia, set out the criteria that must be satisfied for an assignment to be regarded as valid for the purposes...

This week’s edition of the CFE Tax Top 5 looks at the following: Commission Proposes to Postpone DAC6 Reporting & VAT E-Commerce Implementation; EU Commission Publishes Anti-Money Laundering Action Plan; Delivery of EU Tax Package Delayed Until July 2020; Decision of the CJEU in Case...

L.N. 186 of 2020 has amended the Eighth Schedule to the VAT Act (Chapter 406 of the Laws of Malta), adding “protective face masks and visors, excluding diving equipment” to the list of products which are subject to VAT at a reduced rate of 5%....

The Commission has published a proposal for the deferment of certain deadlines for filing and exchanging information under the Directive on Administrative Cooperation (DAC). The proposed Directive proposes changes to certain time limits for filing and exchanging information under Council Directive 2011/16/EU, more specifically concerning information on...

The European Commission has proposed to postpone the entry into application of the VAT e-commerce package by 6 months, such that the rules would apply as of 1 July 2021 instead of 1 January 2021. This proposal takes into account the difficulties that businesses and Member...

This week’s edition of the CFE Tax Top 5 looks at the following: OECD Update on International Work Progress; Commission Extends Investigation into the Netherlands’ Tax Treatment of IKEA; EU Member States Raise Inequality Issues in COVID-19 State Aid Measures; European Commission Publishes Proposed Amendments...

The FIAU has announced a further extension to the REQ submission deadline. The new submission deadline is Monday 18th May at 17.00pm. To ease the effects of COVID-19, the late submission fee has been waived. Subject persons who submit the REQ after the 18th of...

LN 168 of 2020 published on 30 April 2020 amends the Duty on Documents and Transfers Rules, establishing a deadline within which duty refundable in terms of article 62 of the Duty on Documents and Transfers Act must be refunded. The new paragraphs (4) and...