Topic
Corporate & income tax
Income tax rules, returns and deadlines, deductions, guidelines and rulings.
352 news items and articles, newest first
-
Article 28 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 28th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on how to determine the income…
-
Article 26 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 26th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on another factor that evidences a…
-
Article 27 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 27th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on how the two factors mentioned in…
-
Article 25 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 25th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on one of the factors that evidences a…
-
EC publishes working paper on State aid and tax rulings
In June 2016, the EC published a working paper on State aid and tax rulings. The working paper provides a brief summary on the measures taken by the EC so far in respect of the tax ruling practice of Member States (MS),…
-
Article 24 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 24th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the options that have been developed…
-
Personal Tax Returns YA 2016
The Inland Revenue Department is currently submitting the personal income tax returns to individual taxpayers for basis year 2015 (year of assessment 2016). How we can assist? Our tax team can advise taxpayers to…
-
Qualifying Employment in Aviation (Personal Tax) Rules
By means of Legal Notice 177 of 2016, the Authority for Transport in Malta has been designated as the authority responsible for determining the eligibility or otherwise of an individual wishing to apply for the…
-
Article 23 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 23rd article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the third and last category of the…
-
Article 22 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 22nd article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the second category of the main policy…
-
Article 21 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 21st article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the first category of the main policy…
-
EC proposes public CbC tax transparency rules for MNEs
The European Commission has last month introduced a proposal to amend the Accounting Directive (Directive 2013/34/EU) in order to create public country-by-country tax transparency rules for multinational enterprises…
-
Article 20 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 20th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on the broader tax challenges raised by…
-
Tax incentives applicable to donations to Culture
In order to foster further partnership between Malta’s corporate and cultural sectors, the Maltese Government has recently announced some amendments to the tax incentives applicable to companies that grant cash…
-
Lower rate of tax on rental income
In terms of Article 31D of the Income Tax Act, any persons in receipt of rental income from a residential tenement (being a tenement that is used as a residence or a garage by an individual or individuals) during…
-
New Aviation Leasing Guidelines issued by the VAT Department
The Malta VAT Department has issued new guidelines with respect to the VAT treatment of aircraft leasing. The new guidelines replace the previous guidelines which were issued in October 2012. Whilst the existing…
-
Article 19 – The Tax Challenges of the Digital Economy
Tackling BEPS in the digital economy In our 19th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on measures that will address BEPS…
-
Article 18 – The Tax Challenges of the Digital Economy
Tackling BEPS in the digital economy In our 18th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on measures that will address BEPS…
-
Article 17 – The Tax Challenges of the Digital Economy
Tackling BEPS in the digital economy In our 17th article in a series of articles on the tax challenges of the digital economy, in continuation with the 16th article, we shall be providing you hereunder with a brief…
-
Article 16 – The Tax Challenges of the Digital Economy
Tackling BEPS in the digital economy In our 16th article in a series of articles on the tax challenges of the digital economy, we shall be providing you hereunder with a brief overview on two other measures that will…
-
Two New Tax Guidelines – Immovable Property Settled on Trust
The Maltese Inland Revenue Department has recently published two Guidelines to clarify any restrictive interpretation which might have been given with respect to immovable property which would have been acquired by a…
-
The European Commission releases proposed anti-tax avoidance package
On 28 January 2016, the European Commission released an anti-tax avoidance package that contains proposed measures to prevent aggressive tax planning, boost tax transparency and create a level playing field for all…
-
Intax Expo Global Summit 2016
ACT is proud to announce its participation as a sponsor in the upcoming Intax Expo Global Summit 2016, to be held on the 14th and 15th of March 2016 in Dubai. Mr Stephen Balzan, the firm’s tax partner and Ms Liana…
-
Cross border tax rulings
On 6 October 2015, the EU Council reached a political agreement on a directive aimed at improving transparency in the assurances given by member states to companies about how their taxes are calculated. The directive is…
-
Malta and Curacao sign double tax agreement
The Maltese Ministry of Finance announced that Malta and Curaçao signed a Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The…
-
The Tax Challenges of the Digital Economy
In the coming months, the tax department of ACT will be writing weekly articles on the tax challenges of the digital economy. These weekly short articles (not more than 400 words) will be written in such a way so as to…
-
Guidance Notes issued by the IRD on the First Time Buyers Scheme
Following the Budget Speech for the year 2016, in connection with the extension of the scheme for the relief from duty for First Time Buyers (FTB) from the 30th June 2015 to the 31st December 2016, The IRD have issued…
-
Stephen Balzan – Tax Partner ACT speaks at a tax conference
Stephen Balzan, Tax Partner ACT was invited as a guest speaker to speak at a day conference, organised by Society Education. Stephen delivered a presentation on the recent tax updates in Malta’s income tax legislation…
-
Lower rate of interest for late payment of income tax
By virtue of Legal Notice 295 of 2015, the rate of interest for late payment of income tax has been reduced from 0.75% per month to 0.54% per month or part thereof with effect from the 1st day of January 2016. The…
-
Clarification by IRD – Reduced tax rate on rental income
The Commissioner for Revenue has published on its website a clarification on the application of the 15% final reduced tax rate on rental income derived from the letting of residential tenements during 2014 and…