Tax & VAT News
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Tax & VAT News
Latest news relating to Tax and VAT in Malta. Click below and contact us if you need any additional information.
COVID fiscal measure - Group Deductions
The inland revenue department has published on its website a guidance note in anticipation of the Group Deductions (Income Tax) Rules, 2022, which should be published shortly.
Intrastat Obligation
At the end of last year, the Office of the Commissioner for Revenue (CfR) issued a notice whereby taxpayers were reminded of the obligation to file intrastat declarations in line with Subsidiary Legislation 406.08 and also requesting subject persons to file all pending intrastat declarations.
EU Directive aimed at Curbing the Misuse of Shell Entities for Tax Purposes
On 18 May 2021, the European commission implemented the Communication on Business Taxation for the 21st Century with the aim to promote a tax system which is more efficient, robust and fair, within the European Union.
Recent changes to the Income Tax Act, Income Tax Management Act and other fiscal measures
We prepared a list of the recent changes to the Income Tax Act, Income Tax Management Act, and other fiscal measures.
Upcoming enhancements to Malta’s VAT treatment of gambling and betting activities
Malta introduces a "parking-rate" of 12% VAT on certain services.
The Maltese Government has just published a new Legal Notice 231/2023 amending the 8th Schedule to the VAT Act. This Legal Notice introduces a new reduced rate of 12% based on the so called "parking-rate" already applied in Ireland and Luxembourg.
Financial incentive for new electric vehicles
Transport Malta has recently announced a new financial incentive vis-à-vis the purchase of new electric vehicles.
Amendments to the Companies Act
On the 26 October 2021, Act LX of 2021 was enacted, officially introducing certain amendments to the Companies Act, Chapter 386 of the Laws of Malta (the “Act”).