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,...

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...

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...

Amendments to the Revenue Acts

Act VIII of 2021 was published on 12 March 2021 (enacting Bill 199 - see MIT News 26 February 2021). The Act introduces a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add...

Various Revenue Acts Bill

Bill 199 published on 25 February 2021 proposes a series of amendments to the following legislation: Income Tax Act Income Tax Management Act Duty on Documents and Transfer Act Value Add Tax Act The stated objects and reasons of the Bill are to amend a number...

Article 10 to Article 11 Registration – guidelines

Guidelines on the rectification of VAT Registration from Article 10 to Article 11 have been published by the Office of the CfR. The guidelines set out the criteria applicable to the change in registration form article 10 to article 11 prior to the lapse of 6 months,...

TOMS consultation results published

The European Commission has published the outcome from the Public Consultation held last year on the VAT Travel Agents Scheme. This can be viewed here.   source: ec.europa.eu      ...

Amendment to the VAT Act – Seventh Schedule

Item 3 of the Seventh Schedule to the VAT Act has been revised (LN 52 of 2021) to include, in the exclusions from the 'taxable value', deposits which are regulated in terms of the Beverage Containers Recycling Regulations or any law which may be substituted therefor....

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