Tax Technology

Taxing cryptocurrencies and assets digitally conceived and transferred has little precedence globally. In Malta, the Commissioner for Revenue has recently released guidelines for local authorities to understand their tax liability, particularly as they grow in European popularity. Camilleri Preziosi’s Donald Vella and Kirsten Cassar discuss the VAT, income tax and stamp duty obligations from a Maltese perspective

Malta's Commissioner for Revenue (CfR) released its guidelines on the income tax treatment of transactions or arrangements involving distributed ledger technology (DLT) assets in November 2018, providing a framework to assess the tax obligations of individuals who hold cryptoassets as an investment. What does it mean, and what could have been addressed?