Under current rules, the VAT Import One-Stop-Shop (IOSS) can only be used for parcels valued at under €150. The Council of the EU has approved legislation that extends the IOSS to all goods irrespective of their value. Once the amendments to the VAT Directive are in...
Further to the EU Commission's public consultation on VAT & the Circular Economy, CFE Tax Advisers Europe has published an Opinion Statement. The Statement focuses on three principal areas of the Commission consultation: the VAT treatment of used, refurbished and remanufactured goods; the donation and destruction...
The EU Commission has published the latest version of the Combined Nomenclature which will apply as of 1 January 2027. The CN provides the basis for declaring goods on import or export and determines the applicable customs duty rate. source: taxation-customs.ec.europa.eu/...
On 26 October 2026, the Minister for Finance and Employment, the Hon Clyde Caruana, delivered the Budget Speech for 2027. Download the Budget Speech here The following is an overview of some of the fiscal measures announced: INCOME TAX → Widening of the individual's Income Tax brackets over...
As of 1 November 2026, a €2 Union handling fee, introduced by the new EU Customs Code published on 16 September, will apply. Guidance on this fee are now included on the previous guidance document on the €3 customs duty. Click here for the updated guidance....
The EU Commission has issued a proposal to extend the application of the anti-fraud measures in articles 199a and 199b of the VAT Directive, which expire in June 2026, until 2030. The optional Reverse Charge Mechanism and Quick Reaction Mechanism allow Member States to apply the...
The Ministry for Finance has published the Pre-Budget Consultation Document. It has been announced that the Budget for 2027 will be presented on 26 October 2026. ...
The MTCA has published guidelines detailing the transitory measures which apply when determining the VAT treatment of supplies made during the period of transition upon a legislative change to the classification of supplies from taxable to VAT exempt. The guidelines also set out the method...
The European Commission has launched a consultation on how VAT rules can be adapted to better support circular business models. The focus is on three key areas: the treatment of second-hand goods, donation vs destruction of viable goods, and the VAT deduction rules for passenger...
