The MTCA has published guidance on the scope and application of the reduced rate of 12%, introduced with effect from 1 January 2024, for services consisting of care of the human body. View here....
The MTCA has published guidance on the scope and application of the reduced rate of 12% introduced with effect from 1 January 2024 for the short term hiring of pleasure boats. View here....
Payment service providers whose home Member State or host Member State is Malta, and who have an obligation to register for CESOP, have been granted a one-time extension of the registration deadline from 25 January 2024 to 16 February 2024. Visit the MTCA CESOP portal for...
Amendments to the Fifth Schedule Parts 1, 3 and 4 of the VAT Act were introduced by LN 12 of 2024. The changes exempt (zero-rate) supplies to recognised non-profit making organisations of devices and aids, including related goods, which are essential to compensate or overcome...
The MTCA has announced that Registration of a PSP for CESOP purposes by a user (PSP representative or tax practitioner) having a Maltese e-ID is now available. View here. The registration deadline for payment service providers whose home Member State or host Member State is Malta...
Regulations transposing the provisions of Article 1 of Directive 2020/284 EC amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers have been published by means of LN 272 of 2023. The Regulations, which enter into force on 1 January 2024, require payment service providers...
Act XXXV of 2023 has amended the definition of 'Malta' for the purposes of the VAT Act (CAP 406) to include the 'Exclusive Economic Zone' and now reads: "the Island of Malta, the Island of Gozo and the other islands of the Maltese Archipelago, including...
The Budget Measures Implementation Bill - a bill to implement Budget Measures for the Financial Year 2024 and other administrative measures - has been published. View here. The Bill proposes amendments to: the Customs Ordinance Cap. 37 the Social Security Act Cap. 318 the Value Added...
The Minister for Finance and Employment, the Hon Clyde Caruana, has delivered the Budget Speech for 2024. The following is an overview of some of the fiscal measures announced: A tax credit of a maximum of €500 on donations made by businesses to voluntary organisations...
