The Government of Malta has recently published LN 490 of 2021 entitled ‘Assignments of Rights Acquired under a Promise of Sale Agreement (Amendment) Rules, 2021. The LN is intended to amend LN 191 of 2020, by virtue of which any gains derived from the assignment of...
The Commissioner for Revenue has issued a public consultation document regarding draft Transfer Pricing Rules.The consultation document can be accessed by clicking here. The consultation period closes on 28th February 2022.
A flat tax rate of 15% has been introduced with effect from 1st January 2021and applies to royalties derived by individuals in their capacity as authors of qualifying literary work by virtue of their title to the copyright on that work conferred by the Copyright Act....
The Government of Malta has by means of Legal Notice 419 of 2021 published new rules entitled ‘Exemption from tax on property transfers (set-off of tax arrears) Rules’. The legal notice is applicable to any person who owes relevant tax arrears to the Commissioner for...
Following the Budget speech by the Minister of Finance on the 11th October 2021, a Bill has been presented in order to implement Budget Measures for the financial year 2022 and other administrative measures. The following are the main highlights of the said Bill:...
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. The Minister announced that stamp duty and tax on capital gains on acquisitions and disposals of property (up to the first Eur200,000) which have been rented out...
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. With effect from 12 October 2021, persons who will own or who already own qualifying properties, may benefit from a VAT Refund of up to €54,000 on the first...