News

Amendment to the Exemption from Tax on Certain Property Transfers Rules

By means of LN 129 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 said...

Amendment to the Exemption of Duty in terms of Article 23 Order

By means of LN 130 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 ‘inter...

EU CONSULTATION ON EXTENDING DAC TO CRYPTO-ASSETS AND E-MONEY

The EU Commission has launched a public consultation on a proposal to expand the Directive on Administrative Cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and e-money. The objective of the...
AMENDMENTS TO THE REVENUE ACTS

AMENDMENTS TO THE REVENUE ACTS

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...

read more
Capital Allowances for Car Parks

Capital Allowances for Car Parks

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...

read more
Compliance monitoring by the CfR

Compliance monitoring by the CfR

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...

read more
Tax rebate on private residential leases

Tax rebate on private residential leases

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...

read more