The Malta Institute of Taxation was founded on the 15th March 1995 during a meeting of tax specialists from the public and private sectors. Taking into account the continued development in fiscal legislation, and forseeing Malta's eventual adhesion to the European Union, the founder members felt that the time was opportune for the setting up of an organisation that would have its main purposes as set out above.

The Institute does not function as a trade union or as a 'Chamber' in the traditional sense. It is strictly non-political and requires its members to follow a Code of Conduct and Ethics, including adherence to official regulations on such matters as money laundering. Membership is open to all those whose field of specialisation, whether academic or practical, is taxation in general.

The activities of the Institute are mainly educational and academic. Among our activities may be mentioned the public seminars which are held three or four times a year. Attendance at these seminars is usually in excess of the total membership of the Institute itself. Slides and other materials used are made available on the internet. Topics dealt with at the seminars have included such matters as finance leasing, systems of double taxation relief, the taxation of trust income, the abolition of fiscal frontiers, tax planning in theory and practice, taxation of financial instruments and the parent-subsidiary directive. The Institute also offers its own Diploma Course in Taxation. This is a post graduate specialisation course which is much sought after by fully qualified lawyers and accountants, amongst others. Lecturers include some of the leading tax specialists in their field in Malta.

The Institute has taken in hand, on behalf of the Revenue Departments, the publication of the decisions delivered by the Court of Appeal in tax cases (Income Tax and VAT). It also publishes its own Guide to the Tax Cases.

The Institute regularly makes submissions to Government on tax matters and allied issues. Detailed studies have been prepared for this purpose on several tax and allied questions. Discussions are held regularly with the authorities: these are mostly held in conjunction with other organisations interested in taxation through what has informally come to be known as the Direct Tax Advisory Council. It is hoped to make similar arrangements in the near future regarding indirect taxation. The Institute also participates in various other committees, including those connected with money laundering and the introduction of the Euro as the currency of Malta.
The Malta Institute of Taxation is given official recognition for purposes of law by its inclusion as a qualifying body in Legal Notices concerning the submission of electronic returns, and the submission of Opinions in connection with the reduction of penalties.

On the international stage, the Malta Institute of Taxation is a full member of the Confederation Fiscale Europeenne, where it joins representatives of organisations from 25 other European countries. As Malta's sole representative, the Institute casts Malta's vote in this important forum.

Although obviously tax oriented, the Institute feels obliged, in virtue of its position in the social and economic fabric of Malta, to participate in national issues, such as the drive for membership of the European Union and the reform of pensions.

Concil Members for 2008/2009
MIT Statute & By Laws