Legal Notice 344 of 2024 introduces an amendment to item 6 of Part 2 to the Third Schedule of the VAT Act in relation to admission to cultural, artistic, sporting, scientific, educational, entertainment or similar events where the attendance is virtual; and Services and ancillary...
Legal Notices 354 and 355 of 2024 introduce the reduction on VAT rate on women's sanitary products announced with the Budget for 2025. Certain sanitary items essential for women’s health, which are subject to VAT at 5% will, effective 1 January 2025, be exempt (zero-rated) pursuant...
Act XXXVII of 2024 published on 17 December 2024 has introduced changes to the VAT Act implementing the changes to the EU VAT Directive (Dir 2006/112EC) introduced by Directive 2020/285 as regards the special scheme for small enterprises (See MIT News 20 February 2020). Further changes to...
The EU Commission has launched a portal dedicated to the VAT rules for Small Enterprises (i.e. the 'small undertakings' under the Malta VAT Act). The new VAT rules for Small Enterprises will enter into effect on 1 January 2025. Under the new rules, businesses which are...
A bill to amend the VAT Act (CAP 406) has been published - view here. The changes proposed to the VAT Act, implement the changes to the VAT Directive (Dir 2006/112EC) introduced by Directive 2020/285 as regards the special scheme for small enterprises (See MIT News...
At the meeting of the ECOFIN Council of 5 November 2024, agreement was reached on the VAT in the Digital Age package (see MIT News 8 December 2022). After nearly two years of negotiations, agreement was reached on a compromise proposal which addresses: Digital Reporting Requirements Mandatory...
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2025. The following is an overview of some of the fiscal measures announced: → The income tax brackets for individuals (single, married and parent computations) will be widened, which is...
The Malta Tax & Customs Administration launched a comprehensive Client Satisfaction Survey on 19 September. The survey, which has been sent to taxpayers by email, is aimed at gathering feedback from both service providers and individual taxpayers. ...
The Minister for Finance has launched the Pre-Budget Consultation Document 2025 Chapter 2 of the document, under the heading 'Ensuring Sustainability in Public Finances', provides an update on the programme for the modernisation of the Maltese Tax and Customs Administration, including: the implementation of a digitised...
