News

Amendments to the Malta – Switzerland DTA

By means of LN 198 of 2021, the Government of Malta has amended the treaty with The Swiss Confederation for the avoidance of double taxation.  The amendments will come into effect on such date as may be announced in the Government Gazette.

Budget Measures Implementation Act – Changes to the Duty on Documents and Transfers Act

The Malta Government has on the 16th April 2021, by means of ACT XVIII of 2021 published and enacted a new Act which will be implementing the budget measures for the year 2021.  The budget measures  were announced by the Minister of Finance in his budget speech in...

Budget Measures Implementation Act – Changes to the Income Tax acts

The Malta Government has on the 16th April 2021, by means of ACT XVIII of 2021 published and enacted a new Act which will be implementing the budget measures for the year 2021.  The budget measures  were announced by the Minister of Finance in his...
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...

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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...

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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...

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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...

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Gozo Back Office Employment Scheme 2021

Gozo Back Office Employment Scheme 2021

The Ministry for Gozo has on the 26th January 2021 launched the Gozo Back Office Employment Scheme 2021. This scheme will provide assistance to employers, in the form of partial reimbursement of salaries for full-time workers under an indefinite contract. The scheme...

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