News

Filing of financial statements with the MBR by shipping companies

The Malta Business Registry has just informed practitioners that the declaration by the directors that must be attached with the financial statements to be filed in accordance with Regulation 64 (1) of the Merchant Shipping (Shipping Organisations – Private Companies)...

Extension to the exemption of duty in terms of Article 23 order

By means of LN 324 of 2021, the Government of Malta has amended the above-mentioned rules, which were originally issued in 2020 after announcing a recovery package with the aim of restoring the economy following the effect of the COVID-19 pandemic The transfer...

Extension to the exemption from tax on certain property transfers rules

By means of LN 325 of 2021, the Government of Malta has amended the above-mentioned rules, which were originally issued in 2020 after announcing a recovery package with the aim of restoring the economy following the effect of the COVID-19 pandemic In terms of the...
Transfer Pricing – Enabling Provision

Transfer Pricing – Enabling Provision

The Budget Measures Implementation Act has introduced an enabling provision in the Income Tax Act which empowers the Minister of Finance to enact rules in relation to transfer pricing. The new article 51 of the Income Tax Act states that such rules may provide...

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