New reduced VAT rate introduced

LN 231 of 2023 has introduced a reduced rate of 12% which will apply, with effect from 1 January 2024, to 4 categories of services: Custody and management of securities Management of credit and credit guarantees by a person or body other than those who...

VAT guidelines – Healthcare exemption

The Office of the Commissioner for Tax & Customs has published guidelines on the interpretation and application of the exemptions for healthcare and medical professional services provided for in items 1 and 2 of Part 2 to the Fifth Schedule of the VAT Act. The guidelines...

DAC 7 Guidelines updated

The Malta Tax & Customs Administration (MTCA) has announced that Version 1.1 of the DAC 7 guidelines has been issued with updates to Section 6.1. View the updated guidelines here​....

VAT Return deadline extended

The Malta Tax and Customs Administration has announced a one-time extension of the 15 August 2023 deadline for submission of VAT Returns by persons registered under article 10, to 31 August 2023. The extension applies to the VAT Returns due, as well as payments. source: cfr.gov.mt...

Commissioner for Revenue becomes Commissioner for Tax & Customs

ACT No. XXVII of 2023 has revised the Commissioner for Revenue Act (CAP 517). Amongst the changes is the redesignation of the Commissioner for Revenue as the Commissioner for Tax & Customs. Furthermore, pursuant to the changes, all references to the Office of the Commissioner...

CESOP User Guide (V 4.40)

The Office of the CfR has announced that the updated XSD User Guide (Version 4.40) has been  published. Click here for details....

CESOP FAQs

The European Commission, in collaboration with the CESOP Expert Group (composed of representatives from Member States’ authorities and Payment Service Providers), has drafted a list of FAQs, based on the questions that it has received from Member States and Payment Service Providers. This document complements the...

VAT e-services update

The Office of the CfR has announced that an application for the reprinting of the VAT Registration Certificate and Information sheet can now be made online via the VAT e-Services portal....

Proposed changes to the Import One Stop Shop

The proposed reform to the EU Customs Union (See MIT News) includes proposed amendments to the VAT Directive, specifically to the Import One Stop Shop (IOSS):   extending the application of the deemed supplier rule (currently limited to distance sales of imported goods not exceeding EUR...