The Annual General Meeting of the Malta Institute of Taxation was held on Wednesday 4 December 2019 at the Malta Stock Exchange. The President of the Institute, Dr Conrad Cassar Torregiani, opened the meeting and presented a brief overview of the activities during 2019. The...

Subsidiary Legislation 123.74 has been revised to increase the maximum amount of tax rebate available to persons chargeable to tax at the rates specified under article 56(1)(a) and (b) of the Income Tax Act. The amendment introduced by Legal Notice 326 of 2019 will come...

This week’s edition of the CFE Tax Top 5 looks at the following: US Letter Threatens to Upend OECD Digital Tax Discussions; OECD Meeting on Pillar Two: Stakeholders’ Input on the OECD Secretariat; Council of the EU Adopts Conclusions on Anti-Money Laundering Priorities; VAT Committee...

This week’s edition of the CFE Tax Top 5 looks at the following: New EU Commission Takes Office on 1 December; European Commission Will Not Appeal the “Starbucks” State Aid Decision; Commission Asks Ireland and Austria to Implement EU-law Compliant Interest Limitation Rules; ECOFIN Council...

The Malta Institute of Taxation deplores the situation in which the country has been placed. The Institute does not accept that, in a constitutional democracy founded on the rule of law, where grave concerns have arisen concerning the integrity of the Prime Minister, his ability...

This week’s edition of the CFE Tax Top 5 looks at the following: OECD Meeting on Pillar One: Stakeholders’ Input on the OECD Secretariat Proposals; Code of Conduct Group Report Recommends Updating EU Tax Blacklist; Commission Publishes Draft Explanatory Notes on VAT Quick Fixes; Czech...

LN 304 of 2019 published on 19 November 2019, amends the Payment of Provisional Tax Rules (S.L. 372.18). A new proviso to Rule 14(1) provides that in respect of periods commencing on or after 1 January 2020, additional tax due in relation to late payment of...

With effect from 1 January 2020 the rate of interest applicable in terms of article 21(4) of the VAT Act shall be reduced from 0.54% to 0.33%. This amendment was introduced by LN 303 of 2019 published on 19 November 2019.

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...