Topic
Corporate & income tax
Income tax rules, returns and deadlines, deductions, guidelines and rulings.
352 news items and articles, newest first
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Malta as the Ideal Retirement Destination Under the Malta Retirement Programme
Malta is increasingly becoming a top choice for pensioners seeking a safe, sunny, and tax-efficient place to enjoy their retirement. Thanks to the Malta Retirement Programme (MRP), the island offers a compelling mix of…
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Malta’s Audit Exemption Rules 2025: The pros and cons
In 2025, Malta introduced new rules (Legal Notice 139 of 2025) under the Income Tax Management Act (Cap. 372), significantly changing when companies are required to have their accounts audited. The rules, which apply to…
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The Benefits of Malta’s Consolidated Group Income Tax Rules: Leveraging a Double Structure
Malta’s Consolidated Group (Income Tax) Rules, introduced in 2019, present a compelling opportunity for corporate groups to enhance tax efficiency through the formation of a fiscal unit. This framework allows a parent…
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Final Income Tax Without Imputation Regulations
By means of Legal Notice 188 of 2025, The Final Income Tax Without Imputation Regulations, 2025 have been published. Such rules provide companies (including other entities that opt to be treated as a company) as well as…
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Rules on the determination of additional penalties under the Revenue Acts
The Determination of Additional Penalty Rules, 2025 have been enacted pursuant to L.N. 177 of 2025. These rules, issued in terms of the DUTY ON DOCUMENTS AND TRANSFERS ACT (DDTA), the INCOME TAX MANAGEMENT ACT (ITMA)…
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Extension for the submission of personal income tax returns for YA 2025
The MTCA has notified that the deadline to submit the Personal Income Tax Return online has been extended until 8 August 2025. The payment deadline has been extended accordingly. If you need any help or assistance with…
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Budget Measures Implementation Act 2025
The Budget Implementation Act 2025 (Act IX of 2025) was enacted on 17 April 2025, introducing a number of tax-related measures. A summary of the key provisions is outlined below. Transfers of Immovable Property…
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The Malta tax office launches the Large Taxpayer Office
The Malta Tax and Customs Administration (MTCA) has announced the establishment of the Large Taxpayer Office (LTO). This new unit within the MTCA is designed to provide a specialised, holistic service to entities and…
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Tax deadlines for the month of February 2025
The following are the tax deadlines for this month. 15th February 2025 – Submission of VAT returns together with the relative payment in respect of the quarter ending December 2024 15th February 2025 – Submission by…
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Tax deadlines for the month of January 2025
The following are the tax deadlines for this month. 15th January 2025 – Submission of VAT returns together with the relative payment in respect of the quarter ending November 2024 31st January 2025 – Submission by…
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Tax deadlines for the month of December 2024
The following are the tax deadlines for this month. 21st December 2024 – Payment of provisional tax due by companies and self-employed persons in respect of year of assessment 2025 31st December 2024 – Payment of Class…
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Tax deadlines for the month of November 2024
The following are the tax deadlines for this month. 15th November 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending September 2024 29th November 2024 – Online…
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Malta Budget 2025 – Tax credits to parents of disabled children
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The tax credit which is available to parents of disabled children who require specialised therapy is to…
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Malta Budget 2025 – Tax deduction for school fees
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The maximum deduction allowed to parents for school fees paid in respect of their children attending a…
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Malta Budget 2025 – Tax exemption on pensions
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The gradual income tax exemption which was introduced in 2022, on pensions received by individuals who…
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Malta Budget 2025 – Widening of the tax bands
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The Minister announced the widening of all personal tax bads with effect from 1st January 2025. With…
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New Guidance Note on IFRS 17
The Malta Tax & Customs Administration has published a new Guidance Note in relation to the Taxation of Insurance Businesses, following the adoption of IFRS 17 Insurance Contracts Rules. If you need any help or…
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Tax deadlines for the month of October 2024
The following are the tax deadlines for this month. 15th October 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending August 2024 31st October 2024 – Online submission of…
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Deductions of capital expenditure on intellectual property and intellectual property rights
By means of Legal Notice 229 of 2024, the Maltese tax authorities have amended the Income Tax Deductions Rules. In terms of Article 14(1)(m) of the Income Tax Act, any expenditure of a capital nature on intellectual…
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Tax deadlines for the month of September 2024
The following are the tax deadlines for this month. 15th September 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending July 2024 30th September 2024 – Online submission…
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Tax deadlines for the month of August 2024
The following are the tax deadlines for this month. 15th August 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending June 2024 30th August 2024 – Online submission of…
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Income from Sports Activities Rules
By means of Legal Notice 147 of 2024, the Government of Malta has published new rules relating to the taxation of income derived from sports activities. The rules apply to individuals who derives income from an…
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Extension of personal income tax returns deadline
The Malta Tax and Customs Administration (MTCA) has notified that the deadline for the manual filing of income tax returns for individuals has been extended to 15th July 2024. The due date of the relative payment is…
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Tax deadlines for the month of July 2024
The following are the tax deadlines for this month. 15th July 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending May 2024 31st July 2024 – Online submission of income…
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Tax deadlines for the month of June 2024
The following are the tax deadlines for this month. 15th June 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending April 2024 30th June 2024 – Submission by employers of…
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MTCA Guideline – Exemption for transfer of a dwelling house
The MTCA has published a guideline on the interpretation of one of the conditions for the exemption granted under article 5A(4)(c) of the Income Tax Act on the transfer of a dwelling house. Article 5A(4)(c) of the…
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Amendments to the Income Tax Act
The Government of Malta has by means of ACT X111 of 2024 amended the Income Tax Act. A summary of the main amendments are the following: Expenditure of a capital nature on intellectual property or any intellectual…
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Tax deadlines for the month of April 2024
The following are the tax deadlines for this month. 15th April 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending February 2024 30th April 2024 – Submission by employers…
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Tax deadlines for the month of May 2024
The following are the tax deadlines for this month. 15th May 2024 – Submission of VAT returns together with the relative payment in respect of the quarter ending March 2024 31st May 2024 – Submission by employers of…
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Organisations engaged in philanthropic work exempt from income tax.
By means of Legal Notice 62 of 2024, the Government of Malta has published a notice which mentions the following philanthropic organisations as exempt from income tax. Aditus Foundation Fondazzjoni Dar il-Hena Foodbank…