European Union Anti-Tax Avoidance Directives Implementation Regulations, 2018 - INCOME TAX ACT(CAP. 123)

This regulation implements European Union directives aimed at preventing companies from using tax loopholes to avoid paying their fair share of taxes. It updates national tax laws to ensure greater transparency and fairness in how corporate profits are taxed within the EU. Taxpayers and corporations operating in Malta are affected by these changes. The regulation modifies the Income Tax Act to align national legislation with EU standards, reducing opportunities for aggressive tax planning and base erosion.