Long term residents are defined by Subsidiary Legislation 217.05 as third country nationals who are granted long term resident status as provided for under regulations 4 to 7 of the said rules. In 2021, following infringement procedures by the European Commission...
By means of LN 122 of 2022, 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...
By means of LN 121 of 2022, 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...
The following are the tax deadlines for this month. 31 May 2022 – Submission by employers of Form FS5 for the month of April 2022 together with the relative payment of FSS, national insurance and maternity fund contributions 31 May 2022 – Manual submission of income...
By means of ACT VII of 2022, Article 56(17) of the Income Tax Act has been amended with effect from the calendar year 2022. Article 56(17) of the ITA provides that an individual may opt to be taxed at the reduced rate of 15% on employment income payable under a...
The following are the tax deadlines for this month. 30 April 2022 – Submission by employers of Form FS5 for the month of March 2022 together with the relative payment of FSS, national insurance and maternity fund contributions30 April 2022 – Submission of Form TA24 by...
By means of Legal Notice 99 of 2022, the Government of Malta has increased the interest and additional tax rates as follows: With effect from 1st June 2022, the additional tax due by a tax payer on late payment of provisional tax has increased from 0.33% to 0.6%...