Tax & VAT News
Tax & VAT News
Latest news relating to Tax and VAT in Malta. Click below and contact us if you need any additional information.
Deadline for applying for Fiscal Unity extended
The Commissioner for Revenue has extended the deadline for applying for fiscal unity in respect of the Year of Assessment 2020 from 31 August 2020 to 30 September 2020.
The VAT treatment of secondment of staff
On the 11 March 2020, the European Court of Justice (ECJ) issued its judgement in C-94/19 (Italian Tax Authorities v. San Domenico Vetraria S.p.a.) in relation to the VAT treatment of secondment of staff provided by a parent company to its subsidiary.
Qualifying Employment in Aviation (Personal Tax) (Amendment) Rules
On 2 April 2020, a legal notice was published whereby the Qualifying Employment in Aviation Personal Tax Rules were amended. These updates are applicable with effect from 1 January 2020.
The Companies Act Company Reconstruction Funds Regulations
The scope of these regulations is to create and regulate the administration of a fund intended to facilitate company recovery procedures instituted in accordance with article 329B (Company Recovery Procedure) of the Companies Act.
Amendments to Malta Tax Schemes
The Malta Retirement Programme (“MRP”), the Global Residence Programme (“GRP”), the Residence Programme (“TRP”) and the United Nations Pensions Programme ("UNPP") have been recently updated through the publication of LN 69 of 2020. Such updates are effective from 1 January 2020.
Electronic Filing Extension of Corporate Income Tax Returns for 2020
The Commissioner for Revenue has notified the public that the deadlines for the electronic filing of income tax returns for companies have been extended.
15% on Part Time Self Employment
An optional flat rate of 15% is available on the first € 12,000 arising from part-time self-employment income.
15% Tax Rate on Rental Income
An optional 15% flat rate of taxation is available for rental income arising from immovable property rented out for residential and commercial purposes.
2020 Tax and VAT deadlines
Get everything in order for your 2020 Income Tax and VAT deadlines with our guides - Download them now!
Malta transposes the ATAD II Provisions
On 24 December 2019, a legal notice was published whereby the EU ATAD Implementation Rules were amended, with the main aim to transpose the ATAD II provisions, which was adopted by the Council of the EU on 29 May 2017.