FSS Forms – Updated

FSS Forms – Updated

The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules and the Covid19 Wage Supplement. The revised forms can be downloaded from here. Guidance on the rules and changes can be downloaded...
Foreign Direct Investment (FDI) in Malta

Foreign Direct Investment (FDI) in Malta

FDI contributes to the EU’s growth by enhancing its competitiveness, creating jobs and economies of scale, bringing in capital, technologies, innovation, expertise, and by opening new markets for the EU’s exports.  The EU has thus felt the need to address and...
Final Settlement System (FSS) (Amendment) Rules 2020

Final Settlement System (FSS) (Amendment) Rules 2020

The FSS rules were recently amended by virtue of the publication of Legal Notice 246 of 2020.  The new rules, which are effective as from 1st January 2020 complement the rules which were also issued earlier on this year with respect to the 15% reduced rate of tax on...
Tax on Overtime Rules

Tax on Overtime Rules

Earlier on this year Article 90B was introduced in the Income Tax Act (ITA), which provided that with effect from 1st January 2010, an individual can opt to have his qualifying overtime income be subject to tax at the a reduced rate of 15. LN 245 of 2020 has now...