Fiscal Unit YA2020 Tax Returns

The Office of the Commissioner for Revenue has announced that the income tax return and the supplemental document for Year of Assessment 2020...

Changes to the Deduction rules

LN 462 of 2020 has revised the Deduction (Income from employment) Rules. With effect from YA 2022, the rules shall apply where the income from employment...

Malta-Russia Treaty

Further to the publication of the Double Taxation Relief (Taxes on Income) (Russian Federation) Order (see MIT News 11 November 2020), the Protocol amending...

Changes to the VAT 'small undertaking' thresholds

Further to the announcement in the Budget Speech (see MIT News 21 October 2020), LN 463 of 2020 has introduced changes to the Sixth Schedule to the VAT Act...

Converting to 'small undertaking' status for VAT

Pursuant to LN 463 of 2020 the conversion from an ‘Article 10’ registration (standard) to an ‘Article 11’ registration (small undertaking), may now be made...

Commission proposal to allocate decision making powers to VC

Further to the European Commission’s consultation on the a proposal to turn the VAT Committee into a ‘comitology committee’, the Commission has presented a proposal for...

CFE Tax Top 5

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

• Brexit Deal Not Reached by EU Parliament Deadline...

Amendment to the Tax Rebate (pensioners) rules

The Tax Rebate (Pensioners) Rules have been revised, essentially increasing the amounts by which the rebates..

Amendment to the exemption for certain Property Transfers 

LN 459 of 2020 has revised the Exemption from Tax on Certain Property Transfers Rules (SL 123.199), substituting...