VAT in the Digital Age Proposal

The anticipated proposal for legislative developments addressing VAT in the Digital Age was published on 8 December 2022. The VIDA package puts forward measures for addressing: real-time reporting of intra-EU transactions the rules for passenger transport and accommodation platforms single VAT registration in the EU The proposed...

Information for online sellers of goods

The Office of the CfR has issued an information note which reminds persons who take orders from customers for the purchase of goods online from third party websites, purchase those goods in their own name and subsequently resell them to their customers,  of their Malta Income...

Summary of budget fiscal measures

The Office of the CfR has published an overview of the budget measures relating to Income Tax which were announced in the budget speech for 2023. Download here....

CfR Guidelines on VAT Refunds to Travellers

The Office of the CfR has published guidance on certain procedures relevant to the process of refunds to non-EU travellers of VAT paid on goods exported by them outside the EU in their accompanying luggage. The Value Added Tax (Refund to Non-Residents) Regulations (S.L. 406.13)...

Proposed amendments to the VAT Act – Budget Measures Implementation Bill

The Budget Measures Implementation Bill  published on 25 October 2022 is proposing the following amendments to the VAT Act: an increase in the penalty for failure to submit Recapitulative Statements to eur50 per month of  default (currently eur10), capped at eur600 per statement (currently eur120); the...

Beverage Container Refund Scheme – VAT Receipts & Invoices Guidelines

The Office of the CfR has issued guidelines in connection with the issuing of Tax Invoices and Fiscal Receipts by operators in connection with the Beverage Container Refund Scheme pursuant to the Beverage Containers Recycling Regulations (S.L 549.134), which will come into effect on 14th November 2022. The...

Budget Measures Implementation Bill

Following the Budget 2023 speech earlier this week, the Budget Measures Implementation Bill has been tabled in Parliament. View the Bill here....

Budget 2023 – Fiscal Measures Highlights

Yesterday evening the Minister for Finance and Employment, the Hon Clyde Caruana, delivered the Budget Speech for 2023. The following is an overview of some of the fiscal measures announced: Tax refunds will once again be issued in 2023, ranging from €60 to €140, to individuals...

Mandatory e-filing of VAT returns as of February 2023

The Office of the Commissioner for Revenue has announced that all VAT Returns due to be filed on and after 15th February 2023 by persons registered for VAT under Article 10 of the VAT Act (standard VAT registration) must be completed and submitted electronically, via the VAT e-Services portal on the CFR...