Tax & VAT News

Intrastat Obligation

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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.

Malta introduces a "parking-rate" of 12% VAT on certain services.

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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.

Payment service providers workshop

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The EU commission will be organising a workshop for all payment service providers affected by the new requirements coming into affect as from 1st January 2024 on Friday 23rd September 2022.

Pension tax exemption rules

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The Pensions (Tax Exemption) Rules have been published on 4th March 2022 and updated by virtue on LN 5 and LN 356 of 2024.

Recent changes to the Income Tax Act, Income Tax Management Act and other fiscal measures

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We prepared a list of the recent changes to the Income Tax Act, Income Tax Management Act, and other fiscal measures.

EU Directive aimed at Curbing the Misuse of Shell Entities for Tax Purposes

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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.