The Income from Sport Activities Rules 2024 (LN 147 of 2024), which come into force with effect from YA 2025, extends the application of the 7.5% tax rate, which has applied to players, licensed coaches and athletes (article 56(26) of the Income Tax Act, CAP...

This week’s edition of the CFE Tax Top 5 looks at the following: ECOFIN: No Agreement on ViDA at Final Belgian Presidency Meeting OECD Director of Centre for Tax Policy Discusses Future of Business Taxation at the Oxford University Summer Tax Conference 25 June 2024: CFE – Accountancy Europe Members’...

The Malta Tax and Customs Administration (MTCA) has announced that the deadline for the manual filing of income tax returns for individuals has been extended to 15 July 2024. The due date of the relative payment is being extended accordingly. The deadline for the filing...

The AGM of the Malta Institute of Taxation will be held on online on Thursday 27 June 2024 at 4.00pm. The AGM will be preceded by: – Presentation by Piergiorgio Valente, Former President of CFE Tax Advisers Europe and current Executive Board Member of CFE...

The electronic corporate income tax return for year of assessment 2024 is now available on MTCA’s  online services. The supplemental document in case of a Fiscal Unit is also available for download.   For this year of assessment the notable changes to the tax return...

Regulation 6 of the ‘European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations’ has been revised by Legal Notice 130 of 2024 with effect from 20 February 2024, as follows: in Regulation 6(1), the words “regulation 2(7)” has...

This week’e edition of the CFE Tax Top 5 looks at the following: EU Council of Ministers Approves FASTER Directive U.S. Will Not Support Global Minimum Wealth Tax: Secretary of Treasury CFE – Accountancy Europe Members’ Only Webinar: New EU AML Rules – What Changes...

The online service for the filing of the Personal Income Tax for YA 2024 (basis year 2023), is now enabled – see MTCA announcement.

Further to the repeal of article 74 of the VAT Act with the Budget Measures Implementation Act, the Malta Tax & Customs Administration (MTCA) has issued Guidance clarifying that the income tax treatment of interest paid pursuant to the provisions the VAT Act has, with...