12 February 2020
 
 
The MIT Weekly

Tax News & Updates

 
 

CFE Tax Top 5


This week’s edition looks at the following:

  • Code of Conduct Programme – Croatia’s EU Presidency;

Amendment to the Deduction (Income from Employment) Rules

LN 22 of 2020 has revised the Deduction (Income from Employment) Rules (S.L. 123.149), increasing the annual income...

 
 

Malta-Ghana Double Tax Treaty

The Agreement between the government of the Republic of Malta and the government of the Republic of Ghana for the avoidance of double taxation...

Tax deduction claim forms

Parents whose children were enrolled with a sports provider registered with SportMalta in 2019 may benefit from a tax rebate...

 
 

Adjusting to Anti-Hybrid legislation in Malta

On 30 January 2020 the MIT held an internal Think-Tank session on the Anti-Hybrid rules which have been transposed into Maltese law. During the session, the participants discussed a number of practical issues arising out of the respective rules and shared their views on their interpretation and application.

As a follow-up to the Think-Tank, the MIT is organising a seminar, during which the speakers will discuss the issues raised during the Think Tank and share the conclusions reached.

Date: 11 March 2020
Time: 09:00 - 12:15
Lecturers: Mr Steve Gingell & Dr Christopher Bergedahl

 
 
Upcoming Seminars
 
 

VAT Practical: Input Tax Recovery

IMG_9966 

Date: 4 March 2020
Time: 15:00 - 18:00
Lecturers: Ms Louise Grima

This workshop will take participants through the principles of input tax recovery, setting out the conditions for input VAT recovery rights to be exercised, the methodology for partial attribution computation and adjustments, and adjustments for capital goods. The application in practice of these principles will be applied through VAT return workings and practical examples.

 
 

VAT CPE events - Save the Date! 

VAT: Travel Agents Scheme - 25 March 2020
VAT: Immovable Property Transactions - 22 April 2020
Cross-Border supplies of services (B2B & B2C): principles and reporting - 20 May 2020
Preparing for VAT 2021 - 3 June 2020