The Commissioner for Revenue notifies that as from January 2020, the annual declaration and any notice of payment of VAT for persons registered under article 12, should be filled online through this link. Moreover, it is also notified that the annual declaration for the year 2019 will not by furnished by the Office of the […]
The circumstances prevailing within the country are so extraordinary and grave that immediate actions are needed to restore serenity and confidence in the country and in our marketplace. Our profession demands an incredibly strong message from government and the institutions in the form of immediate changes in the executive arm running this country and those […]
Please note that an updated version of the NID Guidelines will be uploaded to the CfR website shortly. The update consists of a new paragraph ‘xi’ applicable from YA2020 which will read as follows: “(xi) Accounting Periods other than 12 Months To further approximate the neutrality between debt and equity financing, an adjustment […]
The Commissioner for Revenue notifies that the year of assessment 2019 electronic income tax return for companies is now available on their online services. For this year of assessment there were the following salient changes to the tax return: Index updated to reflect the addition of new attachments and the removal of attachments no longer applicable. TRA 05 – […]
For this year of assessment there were a number of salient changes to the Company Tax return Y/A 2019. Click here for more information.
Organisations from 23 countries including Malta participated in the APSF this year, representing thousands of professionals working in different regions to discuss emerging technical and strategic issues affecting the profession and its stakeholders. The event provides a unique opportunity for professional bodies to connect in a peer-to-peer environment. Addressing the Forum, the president of the […]
Background Malta’s position in the centre of the Mediterranean, its magnificent natural harbours and its warm climate makes it a natural choice for yacht owners. Over the years, Malta has also established a strong reputation in the industry by offering reliable solutions to yacht owners, depending on their specific requirements and the intended use of […]
AML Best Practices for Life Insurance Companies. – Helping Life insurers guard against the wrong customers. Although life insurance products are not high on a money launderer’s shopping list, life insurers do promote flexible investment-type products which might be viable as a medium to launder illicit funds. Albeit a remote one, the threat cannot, therefore, be […]
Malta has set its sights on becoming the blockchain hub of the world, and was the first country to establish a regulatory framework for the booming industry. The Malta Digital Innovation Authority Act, the Innovative Technology Arrangements and Services Act, and the Virtual Financial Assets Act come into effect on November 1, 2018, following a […]
The Commissioner for Revenue has issued the below guidelines concerning the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act. GUIDELINES on the Income Tax Treatment of transactions or arrangements involving DLT assets GUIDELINES for the purpose of the Duty on Documents and Transfers Act GUIDELINES for the VAT […]