A total of 1,993 locally registered companies recorded over €100,000 in pre-tax profits
The EU Commission is proposing the implementation of a single VAT registration system throughout the EU
There is still around €800 million in unpaid tax
The MEP candidate expects a higher minimum tax rate for all foreign companies, not just those earning over €750 million
The issue was gathering steam prior to Russia’s invasion of Ukraine, which shifted the continent’s priorities… for a time
A major attraction, for shareholders, is the option to reclaim a portion of the income tax paid at company level
Malta has long held reservations about the deal however has agreed to see it through
‘Their remit is to advise relevant authorities of how it is best to achieve better compliance’ by local companies
With tax reform currently low on the agenda, this allows Malta time to assess its potential impact
Malta needs to remain tax competitive, for the right reasons
In the meantime, Malta needs to study and prepare for whatever the future may hold
As countries grapple with a difficult winter ahead, EU officials are again raising the issue of tax harmonisation
Businesses are obliged to issue a VAT receipt or be fined between €700 and €3,500
The new rates were originally meant to start in June
Companies have 30 months to make good for some taxes that fell between August 2020 up to December 2021
A total of 1,993 locally registered companies recorded over €100,000 in pre-tax profits
The EU Commission is proposing the implementation of a single VAT registration system throughout the EU
There is still around €800 million in unpaid tax
The MEP candidate expects a higher minimum tax rate for all foreign companies, not just those earning over €750 million
The issue was gathering steam prior to Russia’s invasion of Ukraine, which shifted the continent’s priorities… for a time
A major attraction, for shareholders, is the option to reclaim a portion of the income tax paid at company level
Malta has long held reservations about the deal however has agreed to see it through
‘Their remit is to advise relevant authorities of how it is best to achieve better compliance’ by local companies
With tax reform currently low on the agenda, this allows Malta time to assess its potential impact
Malta needs to remain tax competitive, for the right reasons
In the meantime, Malta needs to study and prepare for whatever the future may hold
As countries grapple with a difficult winter ahead, EU officials are again raising the issue of tax harmonisation
Businesses are obliged to issue a VAT receipt or be fined between €700 and €3,500
The new rates were originally meant to start in June
Companies have 30 months to make good for some taxes that fell between August 2020 up to December 2021