26 February 2020
 
 
The MIT Weekly

Tax News & Updates

 
 

EU list of non-cooperative jurisdictions updated

On 18 February 2020 EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions.
In summary:
12 jurisdictions...

 

Simplified VAT rules for SMES adopted

On 18 February 2020 the Council adopted simplified VAT rules applicable to SMEs.
The rules are intended to reduce...

 

New rules for exchange of VAT payment data

On 18 February the EU Council adopted rules which will facilitate the detection of tax fraud in cross-border ...

Malta-Armenia Treaty Published

The Agreement between the government of the Republic of Malta and the government of the Republic of Armenia for the avoidance...

 
 

Amendment to the ATAD Implementing Regulations

LN 29 of 2020 amends Regulation 10 of the European Union Anti-Tax Avoidance Directives Implementation Regulations ...

 

OECD consultation on CbC Reporting

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS , the OECD has released a public consultation document on the review...

 

CFE Tax Top 5 - 24 February 2020

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

EU Developments: Parliamentary Week & Article 116 TFEU to Bypass Unanimity in Tax...

CFR: Termination of bank draft/cheque payments drawn on foreign banks

The Office of the Commissioner for Revenue has announced that they will no longer be accepting ...

 
 
Upcoming Seminars
 
 

VAT Practical: Input Tax Recovery

IMG_9966 

Date: 4 March 2020
Time: 15:00 - 18:00
Lecturer: 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.

 
 

Adjusting to anti-hybrid legislation in Malta

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

This seminar will provide a review of the structural features of LN 348 of 2019, an overview of the species of hybrid arrangements targeted and an assessment from a Maltese perspective of the financial instruments, legal forms and arrangements that may fall within the scope of ATAD 2.

 
 

Other CPE events - Save the Date! 

VAT: Travel Agents Scheme - 25 March 2020
Recent Direct Tax decisions of the CJEU - 8 April 2020
VAT: Immovable Property Transactions - 22 April 2020
Corporate & tax Law considerations relevant to M&A - 6 May 2020
Cross-Border supplies of services (B2B & B2C) - 20 May 2020
Preparing for VAT 2021 - 3 June 2020