Tax News and Alerts

The rapid changing landscape of tax and the constant local fiscal developments presents a challenge for taxpayers, both businesses and individuals, to grapple with. The news and alerts below will help you navigate through such developments, and more importantly, ensure that you or your business prepares for such changes and mitigates tax exposures.

04/03/2024 - FATCA-CRS: Updated AEOI Implementing Guidelines published by the MTCA - Exchange of Information

29/02/2024 - Malta Transposes the EU Minimum Tax Directive (Pillar Two Rules) - Direct Tax

02/02/2024 - EU Funding for Digitalisation - Direct Tax and Incentive Legislation

02/02/2024 - Maltese Transfer Pricing Guidelines - Direct Tax

05/02/2024 - Update to the Maltese Transfer Pricing Rules - Direct Tax

12/01/2024 - Introduction of a 12% VAT rate on certain hiring of pleasure boats - VAT and Indirect Tax

16/01/2024 - Updates to the Pensions (Tax Exemption) Rules and the Tax Rebate (Pensioners) Rules - Direct Tax

19/01/2024 - Deduction in respect of intellectual property and intellectual property rights - Direct Tax

24/01/2024 - Start-up Finance Incentive Guidelines - Incentive Legislation

01/12/2023 - The Bill for the Budget Measures Implementation Act for Financial Year 2024 - Direct Tax, VAT and Indirect Tax

30/10/2023 - Malta Budget 2024 - Direct Tax, VAT and Indirect Tax

11/10/2023 - Introduction of a 12% reduced VAT rate on four types of services as from 1 January 2024 - VAT and Indirect Taxes

18/09/2023 - Do the Malta Transfer Pricing Rules apply to you? - International Tax

29/08/2023 - ESG Tax Reporting in Malta - Environmental, Social & Governance

12/06/2023 - EU Council agrees on DAC8 - crypto-assets reporting and cross-border tax rulings to individuals - Exchange of Information

09/05/2023 - CfR Guidelines issued in respect of late filing of Recap Statements - VAT and Indirect Taxes

25/04/2023 - The Budget Measures Implementation Act, 2023 -  VAT and Indirect Taxes

24/04/2023 - Reminder for filing of NSO Intrastat Declarations - VAT and Indirect Taxes

21/03/2023 - Update on the Pensions (Tax Exemption) Rules - Direct Tax

03/03/2023 - FATCA-CRS: Updated AEOI Implementing Guidelines published by the CfR - Automatic Exchange of Information

24/02/2023 - Recognised Stock Exchanges - Direct Tax

24/02/2023 - Extension of the possibility to surrender capital allowances intra-group - Direct Tax

24/02/2023 - Extension of VAT Return Deadline for February 2023 - VAT and Indirect Taxes

03/02/2023 - Renewal of the QI Agreement - Automatic Exchange of Information

31/02/2023 - FATCA-CRS: Updated AEOI Implementing Guidelines published by the CfR - Automatic Exchange of Information

05/01/2023 - The New Mobility Directive for EU Companies - Corporate Tax

05/01/2023 - Minimum Tax Directive (Pillar Two) – EU adoption and state of play - Direct Tax

13/12/2022 - EU Member States reach agreement on Minimum Tax Directive (Pillar Two) - Direct Tax

21/11/2022 - Malta introduces formal Transfer Pricing Rules - Direct Tax

24/10/2022 - Malta Budget 2023 Highlights - Direct Tax and VAT and Indirect Taxes

18/10/2022 - Mandatory Online Filing of VAT Returns for Article 10 VAT Registered Persons - VAT and Indirect Taxes

10/10/2022 - Pensions (Tax Exemption) Rules - VAT and Indirect Taxes

15/09/2022 - Extension of temporary Tax and Duty Schemes on Property - VAT and Indirect Taxes

07/09/2022 - Commission for Revenue launches a Questionnaire on Practical FATCA-CRS Difficulties - Exchange of Information

30/08/2022 - New record keeping and reporting obligations for PSPs (CESOP) - VAT and Indirect Sales

23/06/2022 - Surrender of capital allowances intra-group - Direct Tax

24/05/2022 - Publication of the Proposed Directive Providing for a Debt-Equity Bias Reduction Allowance (DEBRA) - Direct Tax

13/05/2022 - Payment of tax that was eligible for the COVID-19 Tax Deferral Scheme - Direct Tax and VAT and Indirect Taxes

06/05/2022 - The Revenue publishes FAQs on DAC6/MDR - Direct Tax and Exchange of Information

02/05/2022 - Extension of temporary Tax and Duty Schemes on Property - Direct Tax and VAT and Indirect Taxes

18/04/2022 - The VAT Rates Directive - VAT and Indirect Taxes

29/03/2022 - Global Minimum Tax (Pillar 2) developments - Direct Tax

24/03/2022 - The Act for the Budget Measures Implementation Act for Financial Year 2022 - Direct Tax

24/03/2022 - Tax/Duty Schemes on transfers of immovable property - Amendments - Direct Tax and VAT & Indirect Tax

21/03/2022 - Interest and Additional Tax (Adjustment) Rules - Direct Tax

14/03/2022 - EU Commission approves 2022-2027 regional aid map for Malta - Direct Tax and Incentive Legislation

17/01/2022 - EU Commission proposed Directive on Shell Entities (ATAD3) - Direct Tax

14/01/2022 - Proposed Directive to implement Pillar Two in the EU - Direct Tax

06/01/2022 - CfR Notice – Intrastat Declarations - VAT and Indirect Tax

03/01/2022 - 15% Tax on Profits on Assignments of Promise of Sale Agreements – Extension - Direct Tax

03/01/2022 - Draft Transfer Pricing Rules – Public Consultation - Direct Tax

06/12/2021 - Public Country-by-Country Reporting - International Tax

18/11/2021 - Are you ready for CSRD? - Environmental, Social, & Governance (ESG)

11/11/2021 - Annual Report to be filed by DAC6 non-disclosing intermediaries - Exchange of Information

05/11/2021 - Act LX of 2021 – Amendments to the Companies Act - Corporate Direct Tax

21/10/2021 - OECD Inclusive Framework on BEPS2.0 – 8 October 2021 Agreement - Corporate Direct Tax

19/10/2021 - The Bill for the Budget Measures Implementation Act for Financial Year 2022 - Corporate Direct Tax; Global Mobility and Private Clients

11/10/2021 - Malta Budget 2022 Highlights - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

17/08/2021 - Extension of the Reduced Tax and Duty Schemes on transfers of immovable property until December 2021

02/07/2021 - Amendment to the First Time Buyer Scheme - VAT and Indirect Tax

02/07/2021 - OECD/G20 Inclusive Framework Agreement on BEPS 2.0 - Direct Tax

24/05/2021 - Country-by-Country Reporting: Penalties - Automatic Exchange of Information

20/04/2021 - Year of Assessment 2020 Tax Returns for Fiscal Units - Corporate Direct Tax

19/04/2021 - Transfer Pricing - Corporate Direct Tax

07/04/2021 - DAC7 – New reporting obligations for digital platforms - Automatic Exchange of Information

05/04/2021 - Extension of the Reduced Tax and Duty Schemes on transfers of immovable property - Corporate Direct Tax

15/03/2021 - Malta Incentives: Investment Aid Tax Credits - Incentive Legislation

10/03/2021 - IFRS 17 Insurance Contracts – Is your insurance business ready for IFRS 17? - Corporate Direct Tax

08/03/2021 - Public Country-by-Country Reporting Proposal - Exchange of Information

26/10/2020 - The Bill for the Budget Measures Implementation Act for Financial Year 2021 - Corporate Direct Tax; Global Mobility and Private Clients

19/10/2020 - Malta Budget 2021 Highlights - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

16/10/2020 - VAT on supplies of staff - clarifications from San Domenico Vetraria - VAT and Indirect Direct Taxes

05/10/2020 - Significant VAT changes for cross-border e-Commerce from 2021 - VAT and Indirect Direct Taxes

24/08/2020 - Extended deadline for applying for fiscal unity - Corporate Direct Tax

25/06/2020 - Private Residential Leases (Tax Rebate) Rules - Corporate Direct Tax

25/06/2020 - 15% Tax on Overtime - Rules published - Corporate Direct Tax

05/06/2020 - Member States representatives reach compromise on deferral of MDR/DAC6 deadlines - Automatic Exchange of Information

20/05/2020 - Profits on assignments of promise of sale agreements - Corporate Direct Tax

19/05/2020 - Launch of the Online Application for the Registration of a Fiscal Unit - Corporate Direct Tax

17/04/2020 - Fraud against the European Union’s Financial Interest - VAT and Indirect Direct Taxes

02/04/2020 - The Budget Measures Implementation Act, 2020 - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

13/03/2020 - Malta Transposes Mandatory Disclosure Rules - Automatic Exchange of Information

13/03/2020 - VAT Treatment of Yacht Leasing - VAT and Indirect Direct Taxes

24/01/2020 - The VAT "Quick Fixes" - VAT and Indirect Direct Taxes

19/12/2019 - Malta Securitisation - Corporate Direct Tax

01/10/2019 - Malta Tonnage Tax Rules - Shipping and Yachting

09/09/2019 - The Maltese Patent Box - Corporate Direct Tax

22/07/2019 - Country by Country Reporting in Malta: Risk Assessment and Benchmarking Services - Automatic Exchange of Information

26/03/2019 - Updates to the FATCA and CRS Guidelines in Malta - Automatic Exchange of Information

28/01/2019 - KPMG AEOI Reporting - Automatic Exchange of Information

24/01/2019 - Extension of Duty Schemes and Reduced VAT Rate on e-Books - VAT and Indirect Direct Taxes

12/12/2018 - Maltese Implementation of the Anti-Tax Avoidance Directive - Corporate Direct Tax

02/11/2018 - Tax Guidelines on Distributed Ledger Technology (DLT) published - Corporate Direct Tax; VAT and Indirect Direct Taxes

21/10/2018 - Amendments to the VAT Act - VAT and Indirect Direct Taxes

01/09/2018 - Malta's Tax System - Corporate Direct Tax

13/07/2018 - Highly Qualified Expatriates - Maritime Sector

09/07/2018 - Tax Credits for Operators Accepting Construction Waste - Corporate Direct Tax

28/05/2018 - Malta introduces VAT Grouping - VAT and Indirect Direct Taxes

23/04/2018 - Tax Alert - The Budget Measures Implementation Act, 2018 - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

09/04/2018 - Malta's Tax Status for Returned Migrants - Global Mobility and Private Clients

30/03/2018 - Repatriation of Maltese Persons Established in a Field of Excellence Rules - Global Mobility and Private Clients

28/03/2018 - Reduced duty rate of 1.5% on family business transfers – offer extended - VAT and Indirect Direct Taxes

14/03/2018 - Tax Deductions for Employee Transportation Costs - Corporate Direct Tax

28/02/2018 - How might Blockchain technology revolutionise tax? - Corporate Direct Tax

15/12/2017 - Global Residence Programme - Global Mobility and Private Clients

13/12/2017 - Qualifying Employment in Aviation Rules - Global Mobility and Private Clients

11/12/2017 - Residence Programme Rules - Global Mobility and Private Clients

21/11/2017 - Guidelines Published on the Gambling VAT Exemption - VAT and Indirect Direct Taxes

21/10/2017 - Notional Interest Deduction - Corporate Direct Tax

10/10/2017 - Budget 2018: Highlights and Opportunities - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

10/05/2017 - Aircraft Leasing in Malta - Global Mobility and Private Clients

28/02/2017 - Common Reporting Standard - Automation Exchange of Information

28/02/2017 - Malta: Country by Country Reporting - Automation Exchange of Information

28/11/2016 - Apple, BEPS and Brexit: Shattering the Tax World - Corporate Direct Tax

27/11/2016 - The Tax-Induced Debt Bias in Malta: Part 1 - Corporate Direct Tax

18/11/2016 - Budget 2015: Highlights and Opportunities - Corporate Direct Tax;  VAT and Indirect Tax; Global Mobility and Private Clients

04/11/2016 - Malta's Double Tax Treaties - Corporate Direct Tax

01/11/2016 - Budget 2017: the good and the not so good - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

25/10/2016 - Maltese Companies Act: Crossing the Rubicon - Corporate Services

31/08/2016 - Automatic Exchange of Information (AEOI): The Common Reporting Standard (CRS) - Automatic Exchange of Information

05/07/2016 - Trusts and Foundations - Corporate Direct Tax

28/06/2016 - Malta Securitisation - Corporate Direct Tax

16/06/2016 - VAT Health Check - VAT and Indirect Direct Taxes

17/05/2016 - Letting of Residential Immovable Property - VAT and Indirect Direct Taxes

01/03/2016 - Highly Qualified Expatriates - Global Mobility and Private Clients

01/03/2016 - Retiring in Malta - Global Mobility and Private Clients

01/02/2016 - VAT and Remote Gaming - VAT and Indirect Direct Taxes

01/02/2016 - VAT and Digital Gaming - VAT and Indirect Direct Taxes

01/02/2016 - Taking up Residence in Malta - Global Mobility and Private Clients

01/02/2016 - Digital Gaming in Malta - Incentive Legislation

08/01/2016 - VAT invoices becoming critical for income tax deduction of expenses - VAT and Indirect Direct Taxes

13/10/2015 - Budget 2016: Highlights and Opportunities - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

15/07/2015 - Road Assistance Services - VAT and Potential Duty Development - VAT and Indirect Direct Taxes

10/04/2015 - The gambling VAT exemption across the EU - the European Commission’s report - VAT and Indirect Direct Taxes

08/04/2015 - CJEU hearing on the management of real estate - VAT and Indirect Direct Taxes

07/04/2015 - Extension of Remission Scheme of Interest and Penalties - VAT and Indirect Direct Taxes

04/03/2015 - Certain VAT Budget Measures - VAT and Indirect Direct Taxes

16/01/2015 - International Services: A global shift in VAT/GST taxation - VAT and Indirect Direct Taxes

01/01/2015 - VAT recovery rights of iGaming companies - VAT and Indirect Direct Taxes

04/04/2014 - Reduction in the rate of interest for the late payment of VAT - VAT and Indirect Direct Taxes

28/10/2013 - Budget 2014: How will it affect you and your business? - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients

06/09/2013 - New VAT penalties come into force - VAT and Indirect Direct Taxes

29/07/2013 - VAT relief on Transfers of a Going Concern - VAT and Indirect Direct Tax

15/03/2013 - Input VAT recovery on improper purchase invoices - VAT and Indirect Direct Taxes

01/03/2013 - Latest cases on VAT Treatment of Fund Management - VAT and Indirect Direct Taxes

15/03/2013 - Input VAT recovery on improper purchase invoices - VAT and Indirect Direct Taxes

16/10/2012 - Main features of the Budget Measures Implementation Bill, 2013 - Corporate Direct Tax; VAT and Indirect Tax; Global Mobility and Private Clients