Feb 28, 2024 | Tax, Insights, News
On the 20th February 2024, the European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations, 2024 were enacted to transpose Directive (EU) 2022/2523. Concurrently, the Commissioner for Tax and Customs published guidelines to facilitate their implementation.
Jan 4, 2024 | Advisory, Tax, Insights
The Commissioner for Tax and Customs has announced that as from year of assessment 2024 accelerated deductions may be taken on expenditure of a capital nature incurred on intellectual property and intellectual property rights.
Oct 13, 2020 | Tax, Insights
DAC 6 is the latest update in a series of EU initiatives that relate to the automatic exchange of information regarding tax with the introduction of the Mandatory Disclosure Rules (MDR). The objectives of the MDR are to obtain early warnings regarding potentially...Jul 7, 2020 | Tax, Insights, Services, Advisory, Business Intelligence
Malta is an ideal destination for both business and pleasure. Steeped in history and with a rich cultural and architectural heritage, Malta has been at the centre of historical and political events that transcend the minute footprint of this tiny archipelago. As an...Jun 20, 2020 | Corporate Services, Tax, Accounting, Insights, Advisory
As from year of assessment 2020, groups of companies may make an election to be considered as one fiscal unit in terms of the Income Tax Act. As a result, they would file only one income tax return in respect of all the companies forming part of that fiscal unit....May 19, 2020 | Tax, Insights
Following the introduction of the Consolidated Group (Income Tax) Rules, published on 1st January 2019, the Commissioner for Revenue announced that the formation of a fiscal unit for the purposes of these Rules has been enabled through the online portal of the...
