Publications

UPDATE – Borg Galea & Associates would like to inform our clients that the electronic corporate income tax return for the basis year 2021 is now available online. However, since the facility to upload and submit this return will only be made available from mid-June 2022 onwards, further notification will

UPDATE - Borg Galea & Associates would like to inform our clients that the electronic filing of income tax returns for companies have been extended accordingly:

UPDATE – Borg Galea & Associates would like to inform our clients that the deadline for physical income tax return submission shall end on the 30th day of June of the year 2022. However, choosing to submit your tax return online grants us a further one-month extension, till the 31st

UPDATE – Borg Galea & Associates would like to inform our clients that, by default, the VAT rate for the importation of bank notes that are classified under CN code 49070030 is 5%. However, where the importation of bank notes constitutes a financial transaction concerning banknotes in circulation used as

UPDATE – Borg Galea & Associates would like to inform our clients that the following entities are eligible to claim a Deduction on their income tax. Basis Year – 2021 1. Childcare Centres     Name of Centre 1 ABC Childcare Centre San Ġwann 2 Active Learning Childcare Centre Msida

UPDATE – Borg Galea & Associates would like to inform our clients that the Ministry for Finance and Employment has released a Press Release in relation to the repayment of taxes that were eligible under the Tax Deferral Scheme.   Link available at: https://www.gov.mt/en/Government/DOI/Press%20Releases/Pages/2022/05/11/pr220596.aspx   For more information, kindly contact

UPDATE – Borg Galea & Associates would like to inform our clients on several publications made by the Ministry of Finance of Employment.   Firstly, the guidelines on the Mandatory Automatic Exchange of Information in relation to Cross-Border Arrangements are available here. Furthermore, FAQs on the Mandatory Automatic Exchange of

UPDATE – Borg Galea & Associates would like to inform our clients that the average exchange rate for the Euro (EUR) for 2021 used by the tax department in Malta is:   UK Pound Sterling 0.8596 US Dollar 1.1827 Canadian Dollar 1.4826 Australian Dollar 1.5749 Swiss Franc 1.0811 Japanese Yen