Tax

Update of the Implementing Guidelines on Automatic Exchange of Financial Account Information

March 5, 20231 min read

UPDATE – Borg Galea & Associates would like to inform our clients that the Commissioner for Revenue informs Reporting Malta Financial Institutions that version 4.3 of the AEOI Implementing Guidelines has been published and is available here. The updates are indicated in section 1.4 and refer to section 12.2 (reporting of TIN codes in relation to FATCA for reporting years 2023 and 2024).

The deadlines for filing of financial account information in terms of regulations 30, 41 and 45 of the Cooperation with Other Jurisdictions in Tax Matters Regulations (SL 123.127) are 30th March 2023 (excel spreadsheet reporting and nil return submissions) and 30th April 2023 (XML reporting).

For more information, kindly contact us at: +356 2703 7012 or send an email to hili@borggalea.com.

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