CFE Opinion Statement on the VAT Rules for FSI

Further to the consultation on the VAT rules for Financial Services and Insurance, CFE Tax Advisers has published an Opinion Statement which was submitted to the European Institutions on 3 May 2021. In the CFE's view, whilst the current VAT exemption works well in general in the...

Commencement notices of VAT e-commerce rules published

Legal Notices 219 to 226 of 2020, published on 2 June 2020, introduced amendments to the VAT Act implementing Council Directives 2017/2455, 2009/132/EC and 2019/1995/EC amending Directive 2006/112/EC concerning the VAT e-commerce package (See MIT News 3 June 2020). Legal Notices 187 to 194 of 2021 published earlier today...

VAT on B2C e-commerce: Find out more!

The new VAT rules for B2C e-commerce come into effect on 1 July 2021. The rules impact online sellers, online market places/platforms, postal operators and couriers as well as consumers. The European Commission has launched a dedicated portal which provides information on the new rules, and...

Proposed VAT exemption on vital goods/services distributed by EU

The Commission has proposed the introduction of a VAT exemption on goods and services made available by EU bodies and agencies to Member States and citizens during times of crisis. The measure would allow the Commission and other EU agencies and bodies to import and purchase,...

COVID-19 Tax Deferral Scheme – CfR guidance updated

The COVID-19 Fiscal Assistance has been extended to cover eligible taxes (as defined) due up until December 2021. The updated guidance provides that settlement of eligible taxes will start from May 2022. The deadline for submission of an application for a tax deferral (via the Malta Enterprise website ) is...

One Stop Shop Guide

The EU Commission has published a Guide to the One Stop Shop - the extended reporting platform which replaces the Mini One Stop Shop (MOSS) with effect from 1 July 2021. The Guide can be viewed here.   source: ec.europa.eu...

Amendments to the Revenue Acts

Act VIII of 2021 was published on 12 March 2021 (enacting Bill 199 - see MIT News 26 February 2021). The Act introduces a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add...

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