The Office of the CfR has updated the guidelines concerning the deferral of certain taxes, one of the measures announced in March 2020 to assist businesses that suffered a significant downturn in their turnover as a result of the economic constraints arising from the coronavirus pandemic. The...
Further to the Commission's proposal for the delay of the entry into force of the VAT e-commerce rules (see MIT News 10 May 2020), Member states' ambassadors to the EU reached a preliminary agreement on 24 June 2020 on postponing the application of the rules by six...
The Suspension of Legal Times (Revenue Acts) Order, 2020, which was published on 3rd April 2020 (see MIT News 5 April 2020) has been repealed in virtue of LN 242 of 2020. As a result: any legal time that was suspended and that had commenced running before the...
Legal Notices 219 to 226 of 2020 were published on 2 June 2020. The legal notices introduce 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 which was expected to come into force on 1 January...
The Commissioner for Revenue has announced that the following 5 new online services have been launched for persons in business as from 1 June 2020: PE Registration Form, PE Deactivation Form, PE Reactivation Form, VAT – Change in Register and VAT – Maintain Economic Activity. Requests...
The Commission has launched a public consultation on the VAT Scheme for Travel Agents. The Travel Agents Scheme, which is set out in Articles 306 to 310 of the VAT Directive (transposed via the Fourteenth Schedule to the Malta VAT Act), was originally introduced due to...
Further to the extension of the tax deferral scheme announced last month, the Commissioner for Revenue guidance has been updated to include the settlement deadline. In terms of the guidance, which was updated earlier today, the eligible taxes are to be settled by 31 October 2020. source: cfr.gov.mt...
L.N. 186 of 2020 has amended the Eighth Schedule to the VAT Act (Chapter 406 of the Laws of Malta), adding "protective face masks and visors, excluding diving equipment" to the list of products which are subject to VAT at a reduced rate of 5%....
The European Commission has proposed to postpone the entry into application of the VAT e-commerce package by 6 months, such that the rules would apply as of 1 July 2021 instead of 1 January 2021. This proposal takes into account the difficulties that businesses and Member...
