10 June 2020
 
 
The MIT Weekly

Tax News & Updates

 
 
COVID-19 Recovery Measures - fiscal measures
 
 

Reduction in taxes on property transfers - CfR Guidance published

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A package of measures intended to regenerate the economy in the wake of COVID-19 were announced. These measures included a reduction in the rate of stamp duty and tax on certain property transfers...

 
 
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Tax Deferral extended

On 8 June 2020 the Minister for Finance announced that the measure permitting the deferral of the payment of taxes will be extended...

 
 
Other tax news
 
 

Ecofin draft report on the state of play in tax matters

Ecofin has issued a draft report which provides an overview of the progress achieved in the Council during the Croatian Presidency, as well as...

CFE Tax Top 5

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

  • ECOFIN Report to EU Council on Tax Issues;
 
 

Fiscal Unit registration guidelines updated

The CfR Guidelines issued upon the launch of the registration process for fiscal units have been updated...

Changes to the VAT Act - VAT e-commerce directive 

Legal Notices 219 to 226 of 2020 were published on 2 June 2020. The legal notices introduce amendments to the VAT Act implementing Council Directives...

 
 
Upcoming CPE Events
 
 

Webinar: VAT Grouping

"The main practical consequence of VAT grouping is that it shelters transactions between members of the group for VAT purposes...it is particularly attractive for partially exempt companies...who have substantial levels of cross-charges involving taxable services (such as back office support services) where they wish to minimise the amount of irrecoverable VAT" (SEC(2007) 1554). Nearly two years have passed since the introduction of VAT Grouping in Malta for businesses in the financial services and gaming sectors. This session will explore the possibilities for VAT Grouping and the key practical considerations.

Date: 15 June 2020
Time: 15.00 - 16.00
Speaker: Chris Borg

 
 

Recent developments on the the GloBE proposal under Pillar Two: Malta's perspective

This webinar will analyse the policy objectives underpinning the GloBE proposal under Pillar Two and its contents in the current international tax environment. The GloBE proposal is part of the current programme of work to develop a consensus solution to the tax challenges arising from the digitalisation of the economy.

Date: 24 June 2020
Time: 15.00 - 16.00
Speaker: Ian Zahra