15% taxation on Employment outside Malta
Article 56 (17) of the Income Tax Act provides for a special 15% flat tax rate on employment income derived in terms of an employment…
Introduction of Transfer Pricing Rules – Malta
Transfer Pricing Rules (hereinafter, ‘TPR’) have been transposed into Maltese tax legislation on 18th November 2022 through Legal Notice 284 of 2022. These rules shall…
CCPS Malta continues to support San Andrea Phoenix Handball Academy
Established firm CCPS Malta has once again committed to support San Andrea Phoenix Handball Academy for yet another year. The collaboration between San Andrea School…
Implementing Guidelines for the Increase in the Administrative Penalty for late filing of Recapitulative Statements
Purpose and Background The purpose of this document is for the Commissioner for Revenue (‘CfR’) to provide an explanation, in conformity with article 75(2) of…
Budget 2023
Budget 2023 The Malta Budget 2023 was delivered by the Minister of Finance on the 24th of October 2022. The main highlights of the 2023…
Mandatory Online Filing of VAT returns through CFR VAT e-Services
The Office of the Commissioner for Revenue would like to bring to the attention of all persons registered for VAT under Article 10* that they are obliged…
Increase In Interest Rate On Unpaid Income Tax And Vat
By virtue of Legal Notice 228 of 2022, interest on unpaid income tax has increased to 0.6% per month. The new rate applies as of…
Taxation of Real Estate Operations – Malta
Tax Stamp Duty on the transfer of Real Estate Payer Real state buyer Active Subject Commissioer for Revenue Calculation Basis Higher of the Market Value…
Distance Sales
Sale of goods by distance sellers NOT established in your country. Your country is the country of destination of the goods. Country of destination MALTA…
Malta VAT treatment of Directors’ fees
Change to local Interpretation concerning the ‘supply’ of directors Summary In terms of article 5 of the VAT Act, the activities of an ’employee’ which,…