News

Compromise Arrangements in VAT

The Government has on the 17th December 2021 published a set of guidelines for the application of compromise arrangements (in lieu of criminal prosecution) in terms of article 84 of the VAT Act.

GUIDANCE NOTE ON TAX RELATED SUSPICIOUS REPORTING PUBLISHED BY THE FIAU

The FIAU has published a guidance note in relation to tax-related suspicious reporting.  The aim of this guidance note is to provide subject persons with important tax-related ML/FT indicators that are found on goAML that are to be used when reporting serious and...

Transfer Pricing Rules – Consultation Document

The Commissioner for Revenue (CfR) has recently published a proposed draft set of specific transfer pricing rules for consultation, which consultation ends on the 28th February 2022.  It is envisaged that the transfer pricing rules will come into force with...
Transfer Pricing Rules in Malta

Transfer Pricing Rules in Malta

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.

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Exemption from tax on property transfers

Exemption from tax on property transfers

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...

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BUDGET MEASURES IMPLEMENTATION BILL 2022

BUDGET MEASURES IMPLEMENTATION BILL 2022

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:...

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