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Transfer Pricing Rules

Transfer Pricing Rules

Malta will be introducing transfer pricing rules with effect from 1 January 2024 following the publication of Legal Notice 284 of 2022 on 18 November 2022.   The rules apply to cross-border arrangements entered between associated enterprises.   The term associated…

Budget Newsletter 2023

Budget Newsletter 2023

Introduction  The budget speech for 2023 was presented by the Minister of Finance and Employment yesterday evening with the promise of yet another year without the introduction of any new taxes despite the economic uncertainties.  Most of the measures are…

Transfer Pricing Draft Rules

Transfer Pricing Draft Rules

Following the introduction of Article 51A of Income Tax Act as an enabling provision for the introduction of the transfer pricing and Advance Pricing Agreements, the Office of the Commissioner for Revenue published the draft Transfer Pricing Rules for public…

Budget Newsletter 2022

Budget Newsletter 2022

Introduction  The budget speech for 2022 was read by the Minister of Finance and Employment last night and as previously announced no new taxes were introduced.  Instead, various measures were proposed to assist low-income earners and persons in the brink…

Global Minimum Tax Deal

Global Minimum Tax Deal

On 8 October 2021, the Organisation for Economic Co-Operation and Development (OECD) announced that a landmark reform in the international taxation sphere was agreed between 136 countries, including Malta, out of the 140 members of the OECD/G20 Inclusive Framework on…

Transfer Pricing

Transfer Pricing

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...
New VAT e-Commerce rules

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…

DAC6 Guidelines

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…

Register of Beneficial Owners

Register of Beneficial Owners

The Malta Business Registry (MBR) issued a guidance document with respect to the Register of Beneficial Owners (RBO) to assist with the identification of the Beneficial Owner/s (BO) or Senior Management Officials (SMO).   Please be informed that any changes…

Budget Newsletter 2021

Budget Newsletter 2021

Introduction and the economy The Minister of Finance, Economic Development and Planning announced that this year the GDP is expected to decrease by 7.4%.  However, the government is anticipating a recovery next year of 5% in real terms and 6.4%…