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.
Tax deductions and special rates applicable for 2021
The following tax rebate and special rates can be availed of in relation to income earned in 2021.
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.
Micro Invest Tax Credits for Self-Employed Individuals 2022
Individuals carrying on business on a self-employed basis are invited to apply for a tax credit calculated at a percentage of the investments carried out in 2021.
Micro Invest Tax credits 2022 for companies
Companies are invited to apply for a tax credit calculated at a percentage of the cost of investments carried out in 2021.
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.
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”).
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.
Financial incentive for new electric vehicles
Transport Malta has recently announced a new financial incentive vis-à-vis the purchase of new electric vehicles.
Tax rebate on private residential leases - Amalgamation with TA24
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.