17 February 2021
 
 
The MIT Weekly

Tax News & Updates

 
 

Amendment to the VAT Act

Item 3 of the Seventh Schedule to the VAT Act has been revised (LN 52 of 2021) to include, in the exclusions from the ‘taxable value’...

Tax Rebate on Private Residential Leases

The Office of the CfR has announced that persons who derive income from a private residential lease which is registered with the Housing Authority as a long lease...

 
 

CfR Compliance Monitoring

The Office of the CfR has announced that, as part of its compliance monitoring, entities in scope of the Cooperation with Other Jurisdictions on Tax Matters Regulations...

 
 
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CFE Tax Top 5

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

  • CFE Tax Advisers Europe Annual Report...
 
 
 
 
 
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EU Acquis impact on Maltese tax law

23 February 2021 - 25 March 2021

This course, which is comprised of 10 lectures, focuses on EU direct tax legislation and principles and the interaction with Maltese income tax legislation, with an in-depth examination of the various EU Directives (including ATAD), and of key principles relating to fiscal state aid, and tax planning and the role of tax advisors under EU law . 

 
 
 
 
 

Know your obligations: Exchange of Information Upon Request

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The Commissioner for Revenue may, at any time, be requested by its counterpart in another jurisdiction, to submit information concerning taxpayers. For this purpose, certain persons have an obligation to maintain certain information and to make this information available to the Office of the CfR so as to enable it to fulfil its obligations under the Directive on Administrative Co-operation (“DAC” – Directive 2011/16/EC as revised).

The rights of the Office of the CfR and the obligations of the relevant persons are set out in the S.L. 123.127 – Cooperation with Other Jurisdictions on Tax Matters Regulations (the “Regulations”)...