On 24th September 2019 Starbucks won their appeal against the European Commission's decision of 2015, over a €30 million tax fine issued by the Commission. The General Court of the European Court ...
Dropping a sheet of glass would send shards flying all over. Where the glass represents the tax world, we could say it has just been shattered.
The tax environment has experienced significant changes the past years, in view of the international consensus to combat harmful tax practices.
On 17th December 2019, regulations to transpose Directive 2018/822 on mandatory disclosure rules were published in Malta enacting new mandatory exchange of information obligations on intermediaries and taxpayers.
The Cooperation with Other Jurisdictions on Tax Matters (Amendment) Regulations, 2019 have recently been amended by virtue of Legal Notice 342 of 2019 in order to transpose Council Directive
It has become generally accepted that the international tax system is based on the principle that the profits of a business should be taxed in the countries in which it created value.
Michael Kyprianou Advocates & Legal Consultants
Over the past twenty odd years, Malta has become an international hub for foreign direct investment (FDI).
Malta has a competitive tax system including, among others, full imputation, tax refund, participation exemption and notional interest deduction.
The Maltese Presidency of the Council of the European Union, responsible for Ecofin dossiers, continued with its effort in combating tax erosion, evasion and profit shifting.
In this latest in our series looking at Malta, our local Head of
Accounting explores its attraction to investors.
Deloitte Malta was awarded ‘Malta Tax Firm Of The Year 2014’ by the International Tax Review during the 10th European Tax Awards dinner.
A multi-disciplinary analysis of the group's supply chain with a view to optimising the business processes, supplier relationships and business culture with a view to streamlining, simplifying and energising the business model as a result of which there may be opportunities to significantly optimize the group's direct tax, indirect tax and Customs & trade position".
Accounting principles/financial statements – IAS/IFRS/General Accounting Principles for Smaller Entities (GAPSE).Financial statements must be prepared annually.