CFE Tax Top 5

This week’s edition of the CFE Tax Top 5 looks at the following:

• Croatian Presidency Sets Out Policy Priorities;
• US & France Attempt to Reach Digital Tax Deal;
• OECD Publish Country-by-Country Reporting Guidance...

Transposition of the Tax Intermediaries Directive into Maltese Law 

The Tax Intermediaries Directive was transposed into Maltese law in December 2019. In anticipation of the reporting deadline of 30 August 2020 in relation to reportable transactions effected between 25 June 2018 and 1 July 2020, the MIT is organising a seminar in which will go through the provisions of the legislation and their expected application in practice, including, who is to be regarded as an Intermediary and the interpretation of the Hallmarks provisions.

Details of the event will be uploaded to the MIT Seminar & Events page next week.

Anti-hybrid rules in Maltese Law 

The anti-hybrid rules in ATAD II entered into force on 1 January 2020. The rules address hybrid mismatches that exploit differences between tax systems to achieve double non-taxation. The MIT is organising a seminar which will provide a detailed overview of the rules and their expected application in practice in a domestic context.

Details of the event will be uploaded to the MIT Seminar & Events page next week.