Fringe benefit rules can be tedious to understand and comply with.
Such benefits may be taxable both when received directly by the employee and also when provided indirectly.
One must remember that employers are responsible for reporting the value of fringe benefits that they provide. In fact, employers must keep detailed information about the benefits provided to their employees. Such records may be subject to inspection by the Inland Revenue.
At KSi Malta we can provide you with specialised audits where our experts will study your fringe benefit status and flag out the problems you may have.
Malta’s Passport Programme to be renewed with some changes expected to be made
Income Tax returns (together with payment) for the Year of assessment 2020 is being extended to 31 July 2020.
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