2020 Annual Average Exchange Rates of the Euro
The Office of the CfR has published the 2020 Annual Average Exchange Rates of the Euro. Click here for details....
27 May 2021
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...
5 May 2021
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...
27 April 2021
Public consultation – VAT: Proposal for a Council Directive amending Directive 2006/112 to lift the cost of VAT on EU measures that are in the public interest
A public consultation has been launched on the Commission's proposal for an amendment to the VAT Directive introducing a VAT exemption on goods and services made available by EU bodies and agencies to Member States and citizens during times of crisis. The consultation closes on 17...
27 April 2021
Waiver of VAT and duty on import of medical and protective equipment extended
The Commission has decided to extend to temporary waiver of customs duty and VAT on the importation of medical and protective equipment used in the fight against COVID-19 until 31 December 2021. The relief was originally introduced in April 2020 and was extended to apply to...
20 April 2021
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...
13 April 2021
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,...
13 April 2021
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...
5 April 2021
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...
29 March 2021