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Taxand Global Guide To M&A Tax: 2021 Edition

Taxand published its annual Global Guide to M&A Tax.   This edition of the Taxand Global Guide to M&A Tax has been designed as a desktop reference book covering 30 countries and to provide at a glance insight into the tax...
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Transfer Pricing Rules

A new article has been introduced in the Income Tax Act which paves the way to the introduction of transfer pricing rules in Malta.  The new article empowers the Minister responsible for finance to make rules in relation to transfer…

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Participation Exemption Amendments

Article 12(1)(u) of the Income Tax Act has been amended to limit the applicability of the participation exemption to income received from a participating holding which is not in a company resident in a country listed in the EU list…

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Amendments to the DTA with Poland

The tax treaty between Malta and Poland will be amended and the main changes will include: Widening of the definition of dividends in Article 10 to include other forms of income which is similar in nature to dividend income; Reduction…

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New VAT e-Commerce rules

As from 1 July 2021, a number of amendments to Directive 2006/112/EC (the VAT Directive) will start to apply affecting the VAT rules applicable to cross-border business-to-consumer (B2C) e-commerce activities.   The changes are aimed at addressing challenges arising from…

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Foreign Direct Investment Screening Office

Malta has established the National Foreign Direct Investment Screening Office as required by the EU.  The purpose of the FDI Screening Office is to screen foreign direct investment into the EU on grounds of security or public order.    Foreign direct…

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DAC6 Guidelines

The Commissioner for Revenue published guidelines on the Mandatory Automatic Exchange of Information in relation to Cross-Border Arrangements to compliment Subsidiary Legislation 123.127,  Cooperation with Other Jurisdictions on Tax Matters Regulations which in return transposed the tax initiatives taken at…

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Changes to ‘small undertaking’ for VAT purposes

In line with the announcement made during the Budget Speech for 2021, legal notice 463 of 2020 was published to amend the ‘small undertaking’ thresholds in Article 11 of the VAT Act.  Once the legal notice becomes effective, the period to…

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Amendments to the DTA with Russia

By virtue of L.N. 428 of 2020, the Double Taxation Agreement (DTA) with the Russian Federation was amended and entered into force with effect from 1 January 2021.  The changes relate to Article 10  on ‘Dividends’, Article 11 on ‘Interest’,…

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