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Item 12(1) of Part 2 of the Fifth Schedule to the VAT Act has been revised in virtue of LN 302 of 2019, published on 19 November 2019. The revised provision extends the exemption for education services to: vocational training or retraining provided by a...
LN 304 of 2019 published on 19 November 2019, amends the Income Tax (Rate of Interest) Rules (S.L. 372.28). A new proviso to Rule 2 provides that in respect of any period commencing on or after 1 January 2020, the rate of interest applicable in terms...
This week’s edition of the CFE Tax Top 5 looks at the following: OECD Publishes Stakeholder Comments on Pillar One Consultation; Council of the EU Adopts Company Law Directive; Tax Dispute Resolution: Input Invited on 10th Batch of BEPS Action 14 Peer Reviews; Reminder: CFE...
The Eco Contribution Regulations (S.L. 473.05) have been revised in virtue of LN 299 of 2019 published on 12 November 2019. The new provisions concern the power of the Minister, on the advice of the Resource Recovery and Recycling Agency, to exempt a producer from...
The Council of the EU has reached an agreement on the amendments to the VAT Directive in relation to SMEs. The objective of the amendments is to reduce the administrative burden and compliance costs for SMES, and in particular addresses SMEs operating in a cross-border...
This week’s edition of the CFE Tax Top 5 looks at the following: OECD Seeks Comments on Pillar Two Minimum Taxation Global Anti-Base Erosion Proposal; ECOFIN Reaches Agreement on VAT-Related Directives; Council of the EU Updates List of Non-Cooperative Tax Jurisdictions; Reminder: CFE Conference on...
LN 282 of 2019, published on 5 November 2019, revised the Qualifying Employment in Innovation and Creativity (Personal Tax) Rules (S.L. 123.141). In terms of article 1(2) of the amending rules, the amendments shall be deemed to have come into force on 1st January 2019. The amended provisions...
The Guidelines in relation to the Notional Interest Deduction rules have been revised and a new paragraph has been added to the rules. The new paragraph (xii) entitled: Attribution of the Deemed Interest Income on Alternative Bases reads as follows: In terms of the proviso to...
This week’s edition of the CFE Tax Top 5 looks at the following: EU Ministers to Discuss VAT-Related Directives; EU: North Macedonia Compliant With EU’s Tax Good Governance Standards; OECD Releases Further CbCR Implementation Guidance; CFE Conference On Anti-Money Laundering: Paris – 29 November 2019;...