Act VIII of 2021 was published on 12 March 2021 which introduces a series of amendments to a number of fiscal laws such as the Income Tax Act, the Income Tax Management Act, the Duty on Documents and Transfer Act and the Value Add Tax Act The amendments are intended...
The Government of Malta has published Legal Notice 105 of 2021 which provides for a list of persons who will be exempt from seeking authorization from the MFSA to act as company service providers, thus being exempted from complying with the provisions of the Act. The...
The amendments to the Company Services Providers Act came into force on the 16th March 2021 which amongst others provide for the removal of exemptions applicable to certain warranted professionals, who were not required to be registered with the competent...
The Commissioner for Revenue has published a new Guidance Note regarding Capital allowances in respect of Car Parks. The definition of “industrial building or structure” in article 2 of the Income Tax Act includes a car park that satisfies all the following...
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 (SL 123.127) that will be receiving a formal letter from the Commissioner for Revenue are expected...
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, are eligible for a tax rebate against the tax chargeable on such rental income. The...
Pursuant to LN 39 of 2021, the Enrolled Voluntary Organisations (Tax Exemption) Rules (SL 123.190) have been revised. In terms of the changes, which apply as of year of assessment 2022, the tax exemption in terms of Rule 3 applies to enrolled organisations whose...