23 April 2020
 
 
The MIT Weekly

Tax News & Updates

 
 

CFE Tax Advisers Europe Calls for EU action on DAC6 Reporting

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On 22 April 2020 CFE Tax Advisors Europe submitted an Opinion Statement to the European Institutions seeking leniency in the enforcement of penalties concerning the EU Directive on mandatory disclosure rules (“DAC6”). Due to the extraordinary consequences of the Covid-19 outbreak CFE Tax Advisors consider that many intermediaries and taxpayers will face exceptional challenges and business pressures in seeking to fulfil the obligations arising out of the Directive.

 
 

CFE Tax Top 5

This week's edition looks at the following:

  • EU Economic & Finance Ministers Hold Videoconference on COVID-19 Economic Impact
  • OECD Publish Comments on Draft Model Rules for Sharing & Gig...

TA 22 & TA 24 Submissions

As the 30 April submission deadline for the TA22 (payment of tax – part-time self-employed) and TA24 (payment of 15% tax on rental income) draws near, the Office of the CfR has issued a notice informing taxpayers...

 
 

Amendment to COVID-19 Fiscal Measures Guidelines

The guidelines on the tax deferral scheme announced last month have been revised..

 

Wage Supplement Scheme - Govt. Notice 389

Government Notice No. 389 published on 13 April 2020 sets out the implementing measures of the Wage Supplement Scheme...

Deferment of Excise Duty

In terms of the Deferment of Excise Duty payable during the Months of April and May 2020 Regulations LN 147 of 2020, published on 21 April 2020... 

 
 

MIT Tax Webinars

In view of the restrictions on public gatherings we have postponed all previously scheduled seminars. However we are hosting a number of webinars on select tax topics. The Tax Compliance Series kicks off today, with the first webinar on Tax Returns - Individuals. Click on the links below to book your place at any one or more of the remaining three tax compliance workshops:

 
 

Webinar: CGT & Stamp Duty Reporting

A practical session which shall cover the Malta income tax and duty compliance obligations in the case of transfers of immovable property and shares.


 

Webinar: VAT Returns

A practical session which will go through the process of completing VAT returns and which will address various issues and difficulties which may arise when completing returns.


Webinar: Tax Returns - Companies

The purpose of this webinar is to assist attendees with the completion of corporate income tax returns and to address various issues and difficulties which may arise when completing the returns