Bulgaria, Malta sign new tax treaty
Bulgarian Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, signed an agreement in Brussels with Malta to avoid double taxation between the two countries on 10 December 2024. The Agreement was signed on the Maltese side by Clyde
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San Marino ratifies DTA, amending protocol with Netherlands, Malta, Lithuania
The Sammarinese Official Gazette published Decree No. 184/2024, 185/2024, and 186/2024 on 28 November 2024 ratifying the Double Taxation Agreement (DTA) with the Netherlands, the third protocol to the Double Taxation Agreement (DTA) with Malta and
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IMF urges Malta to align fiscal and tax policies with EU’s global minimum tax directive
The International Monetary Fund (IMF) has called on the Maltese government to develop a clear plan aligned with the European Union's Pillar Two Global Minimum Tax Directive, providing taxpayers with certainty and guidance. According to the
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Romania: Chamber of Deputies approve protocol to tax treaty with Malta
Romania’s Chamber of Deputies have approved the amending protocol to the 1995 Malta-Romania Tax Treaty on 18 November 2024. The protocol has been presented to Romania's Senate for further approval. It will take effect 30 days after the
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Malta publishes guidance for taxation of insurance businesses
The Malta Tax & Customs Administration has published a new guidance regarding the taxation of insurance businesses, following the adoption of IFRS 17 Insurance Contracts Rules on 25 October 2024. In 2017, the International Financial Reporting
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Malta announces new tax measures for 2025 budget
Malta’s finance minister, Clyde Caruana, presented the 2025 budget in the parliament on Monday, 28 October 2024. The 2025 budget includes the following proposed tax measures: Global minimum tax rate Malta has decided to delay the adoption
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Malta updates income tax deduction rules for capital expenditure on intellectual property
The government of Malta has issued a legal notice revising the local rule on deductions for capital expenditure related to intellectual property or intellectual property rights for income tax purposes on 13 September 2024. The provisions of these
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Malta expands VAT exemption for healthcare
The government has released a legal notice 228 of 2024 designating services by dental technicians, psychotherapy and counselling professions as medical professions for VAT exemption purposes under the Value Added Tax Act (Amendment of Fifth
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Curacao, Malta tax treaty enters into force in September ’24Â
The income tax treaty between Curacao and Malta will enter into force on Sunday, 1 September 2024. The treaty will apply from 1 January 2025. Malta utilises the credit method to eliminate double taxation. Curacao can employ either the
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Malta releases VAT exemption guidelines for scheduled sea transport
Malta's Commissioner for Revenue has published Guidelines on the VAT exemption on other scheduled sea transport of passengers on 1 August 2024. The purpose of this document is for the Commissioner for Tax and Customs ('CfTC') to determine, in
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Netherlands ratifies pending Curacao-Malta tax treaty
The Netherlands published the Law of 27 July 2024 in the official gazette, on 25 July 2024, ratifying the pending income tax treaty between Curaçao and Malta. The treaty aims to prevent double taxation and eliminate fiscal evasion regarding income
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Malta, Romania sign amending protocol to tax treaty
Malta and Romania signed an amending protocol to the 1995 Malta-Romania Income Tax Treaty on 4 July, 2024, aiming to enhance the original tax treaty between the two countries on the avoidance of double taxation and the prevention of fiscal
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Malta introduces online filing for Year of Assessment 2024 Corporate Income Tax Return
The Commissioner for Tax and Customs notified that the year of assessment 2024 electronic corporate income tax return is now available on their online services on 18 June, 2024. The supplemental document in case of a Fiscal Unit is also available
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Netherlands: Parliament approves Curacao-Malta tax treaty
On 11 June, 2024, the Dutch House of Representatives approved the pending income tax treaty between Curacao and Malta. Member of Parliament and Curacaoan Minister for Foreign Affairs Bruins Slot, along with Curacaoan Secretary of State for Fiscal
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Malta implements public CbC reporting directive
Malta has implemented public Country by Country Reporting (CbCR) into domestic legislation (Act XVIII of 2024) on 17 May 2024. Multinational enterprises (MNEs) located in the EU and those outside the EU operating within the EU via a branch or
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Malta publishes summary of new income tax legislation for 2024
Malta's Commissioner for Revenue has released a note providing a summary of subsidiary legislation (legal notices) enacted under the Income Tax Acts from January to April, 2024. Overview of newly published legal notices Deduction (Income
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Bulgaria and Malta approve revised income tax treaty
The caretaker government of Bulgaria approved an amendment to the draft income tax treaty with Malta, authorising the Minister of Finance to sign the agreement, on Wednesday, 15 May, 2024. The initial draft, approved on 8 July, 2020, and
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Malta implements new tax measures in 2024 budget
Malta’s Budget Measures Implementation Act, 2024, is ushering in a series of amendments to various fiscal laws, including the Income Tax Act, Income Tax Management Act, Duty on Documents and Transfers Act, and Value Added Tax (VAT) Act; signalling
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