MIT re-appointed to the EU Commission’s VAT Expert Group

The Malta Institute of Taxation has once again been appointed to the EU Commission's VAT Expert group for a mandate of 3 years. The VAT Expert Group assists and advises the European Commission on VAT matters. The Malta Institute of Taxation has been a member of the...

Malta Budget 2023: Pre-Budget Consultation

The Ministry for Finance launched a Pre-Budget 2023 Consultation. The Pre-Budget document and presentation can be viewed here.   Updated 23 September 2022: The Prime Minister has announced that the Budget for 2023 will be announced on 24 October 2022....

31st VAT Expert Group Meeting minutes published

The 31st Meeting of the EU Commission's VAT Expert Group was held on 10 June 2022. The MIT was represented at the meeting by Sarah Cassar Torregiani. During the meeting, the following was discussed: the formalities around the transfer of own goods from one Member...

EU Call for Evidence on administrative co-operation in the field of VAT

The Commission has launched a Call for Evidence on the application of the administrative cooperation in the field of VAT governed by Council Regulation (EU) No 904/2010 on administrative cooperation and combating fraud in the field of value added tax. This exercise will look at how...

VAT optional reverse charge will apply until 2027

Council Directive (EU) 2022/890 of 3 June 2022 has amended Directive 2006/112/EC as regards the extension of the application period of the optional reverse charge mechanism in relation to supplies of certain goods and services susceptible to fraud and of the Quick Reaction Mechanism against VAT...

VAT on currency importation

The Office of the CfR has issued a clarification on the manner in which the importation of currency is to be reported by a declarant under the National Import System (NIS)...

Intra-EC acquisition of goods for use by MS armed forces

The definition of 'intra-community acquisition' has been revised by LN 140 of 2022 to include the application by the armed forces of a Member State taking part in a defence effort carried out for the implementation of a European Union activity under the common security and...