Topic
International & EU tax
Double taxation agreements, EU directives and OECD projects that affect Maltese structures.
131 news items and articles, newest first
-
Two new double taxation agreements enter into force
The Government of Malta has notified that the Agreements between the Maltese Government and the Governments of the Republic of Azerbaijan and The Socialist Republic of Viet Nam, for the Avoidance of Double Taxation and…
-
Proposed EU Directive on Tax Intermediaries
On 13 March 2018, the Council has reached agreement on a proposal which is aimed at boosting transparency in order to tackle aggressive cross-border tax planning. The draft directive will require intermediaries such as…
-
European Commission launches the EU Blockchain Observatory and Forum
The Commission has recently launched the EU Blockchain Observatory and Forum with the support of the European Parliament. This Forum will highlight key developments of the blockchain technology, promote European actors…
-
MGA Publishes Directive on Start-Up Undertakings
The Malta Gaming Authority he ‘MGA’), following the publication of the Gaming Licence Fees Regulations has issued a directive in order to lay down the procedure whereby an entity may be recognised as a start-up…
-
EU Commission announces new tax guidelines on withholding taxes
The Commission has on the 11th December 2017 put forward new guidelines on withholding taxes to help Member States reduce costs and simplify procedures for cross-border investors in the EU. The new Code of Conduct…
-
Maltese tonnage tax scheme approved by the European Commission
The EC has conditionally approved under EU State aid rules the Maltese tonnage tax scheme for a period of 10 years. This scheme lays down a level playing field between shipping companies in Malta and those in Europe,…
-
Double taxation agreement with Ukraine
The Government of Malta has just published the new agreement with Ukraine for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. With respect to interest and royalties…
-
EU Council approves the list of non-cooperative jurisdictions
On 5 December 2017, the Council of the European Union approved the list of non-cooperative jurisdictions for tax purposes. Those appearing on the list failed to take meaningful action to address deficiencies identified…
-
EU General Data Protection Regulation (GDPR) – The Main Changes
The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and is designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to…
-
VAT reform towards a single EU VAT area
The European Commission has on the 4th October 2017 published a communication to the European Parliament, the Council and the European Economic and Social Committee on the “Follow-up to the Action Plan on VAT towards a…
-
Directive on Tax Dispute Resolution Mechanisms in the EU
On 23 May 2017, the Council agreed on a new system for resolving double taxation disputes within the EU. The proposal sets out to improve the mechanisms used for resolving disputes between member states when disputes…
-
Malta signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
On the 7th of June 2017, Malta has together with other 75 countries, signed or formally expressed their intention to sign the multilateral convention to implement tax treaty related measures to prevent BEPS. This…
-
OECD releases additional guidance on the implementation of CbC reporting (BEPS Action 13)
On April 6, 2017, the OECD released additional guidance to provide essential information on implementation of the Country-by-Country (CbC) reporting (BEPS Action 13). The updated CbC guidance document contains…
-
New VAT rules for cross border E-commerce
On the 1st December 2016, the European Commission (EC) published its legislative proposal to change the VAT rules for online sales of goods and services in Europe, over the 2018-2021 period. The main aims of the…
-
New VAT Rules for Cross Border E-Commerce
On the 1st December 2016, the European Commission (EC) published its legislative proposal to change the VAT rules for online sales of goods and services in Europe, over the 2018-2021 period. The main aims of the…
-
The Proposed 5th Anti-Money Laundering Directive
The European Commission (EC) has proposed amendments to the Fourth Anti-Money Laundering Directive (4th AMLD) to further strengthen EU rules on anti-money laundering, to counter terrorist financing and increase…
-
OECD BEPS Multilateral Instrument text published
On November 24, 2016, the OECD published a press release that more than 100 jurisdictions have concluded negotiations on a multilateral instrument (MLI) that will swiftly implement a series of tax treaty measures to…
-
EU VAT Action Plan supported by Malta
The Maltese Minister of Finance, the Hon Prof Edward Scicluna, has in a recent VAT and EU Conference organised by the Malta Institute of Management stated that Malta will be supporting the VAT Action Plan adopted by the…
-
Double Taxation Treaty Considerations on Passive Income
This article deals with the tax considerations arising out of tax treaties when dealing with passive income, in particular the manner in which Contracting States share jurisdiction to tax when negotiating tax treaties…
-
The EC proposes major tax reform
On October 25, 2016, the European Commission (EC) published plans to overhaul the way in which companies are taxed within the EU, with the aim of delivering a growth-friendly and fair corporate tax system. There are…
-
The Payment Services Directive II (PSDII)
Directive 2015/2366 on payment services in the internal market, repeals Directive 2007/64/EC on payment services in the internal market (PSD I). The principal aim of PSD I, adopted in 2007, was to regulate the payments…
-
EU adopts Directive on VAT treatment of vouchers
On 27 June 2016, the Council of the EU announced that it has adopted a Directive on the VAT treatment of vouchers. The Directive is aimed at clarifying and harmonizing the EU rules on the VAT treatment of vouchers. The…
-
Dual Resident Companies in the Application of Tax Treaties
What are dual resident companies? Dual resident companies are companies which are treated for tax purposes to be tax residents in two different jurisdictions. For example, Company X might be tax resident in jurisdiction…
-
OECD releases discussion draft on branch mismatch structures
On the 22nd August 2016, the OECD released a discussion draft on branch mismatch structures (BEPS Action 2). The report on BEPS Action 2 (Neutralising the Effects of Hybrids Mismatch Arrangements) sets out…
-
Double Taxation Agreement with Viet Nam published
By means of Legal Notice 286 of 2016, the Government of Malta has published the double taxation agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. With…
-
Article 34 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 34th and last 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 second challenge…
-
Article 33 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 33rd 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 challenge for vat…
-
Article 32 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 32nd 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 challenge related to the…
-
Article 31 – The Tax Challenges of the Digital Economy
Broader indirect tax challenges In our 31st 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 indirect tax challenges…
-
Article 30 – The Tax Challenges of the Digital Economy
Broader direct tax challenges In our 30th 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 option to address…