Guidance Note on the Recovery Measure regarding Income Tax and Duty on Documents and Transfers

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The Capital Transfer Duty Department and the Office of the Commissioner For Revenue have published the revised guidelines in connection with the extension of the above-captioned fiscal incentives.

The Guidance Note can be viewed here:

https://cfr.gov.mt/en/inlandrevenue/legal-technical/Documents/Guidance%20Note%20on%20Recovery%20Measure%20ITA%20DDTA.pdf

It is also confirmed that:

  • The deadline for the publication of final deeds is now extended to January 2022.
  • The incentives apply to all types of transfers and promise of assignment of rights.
  • All types of transfers (including donations) which are concluded by end July 2021 (and for which there is no registered promise of sale agreement) will benefit.