Tax & VAT News
Insights
Tax & VAT News
Latest news relating to Tax and VAT in Malta. Click below and contact us if you need any additional information.
Family Business: Reduced Rate of Duty on Transfers
A reduced 1.5% rate of duty is available on transfers by gratuitous title of marketable securities as well as business property by an individual to qualifying family members.
Malta’s Response to the EU’s Anti-Tax Avoidance Package
Following the adoption of the Anti-Tax Avoidance Directive by the European Council, similar to other jurisdictions, Malta is bound to implement a number of provisions in its tax legislation to ensure compliance thereto.
New VAT rules for entrepreneurs trading within the EU
A previous update released in 2017 detailed the European Commission's plans to introduce new rules for cross-border deliveries with effect from 1 January 2022.
2018 Compliance calendar
With constantly changing regulations, it can be hard to keep up with reporting requirements and deadlines.
Certify (Tax Credits) 2018 - 2020
Certify 2018 – 2020 is a fiscal measure administered by the Malta Enterprise Corporation to encourage eligible undertakings to continuously improve the quality of their products, services and processes through the attainment of industry recognised certifications and quality marks.
VAT: Recent Updates
On the 22nd May 2018, two new legal notices concerning VAT matters were published, to enact regulations announced by the Minister for Finance in the 2018 Budget.
VAT Grouping – Where are we so far?
In the 2018 Budget Speech, the Minister of Finance had announced the introduction of the VAT Grouping Scheme into local legislation, whereby two or more persons would have the option to be treated as a single taxable person for VAT purposes.
VAT and Income Tax systems update
Take note of the following changes within the VAT & Income Tax Department related to VAT and Income tax payments and move to the new premises.
Deduction for Transportation Cost of Employees
An undertaking may claim a deduction against its income equivalent to 150% of the employee transportation costs incurred in the relative year.
Duty on the Acquisition of the Second Property to be used for Own Residence
A new legal notice was published about the Duty on the Acquisition of the Second Immovable Property to be used for Own Residence (Exemption) Order.