The MIT hosted the first VAT Practitioners' Forum on 22 March 2023 at the Notch Conference Centre, Urban Valley Resort. The event, brought by the MIT’s Indirect Tax Technical Committee, featured two panel discussions as well as an opportunity for Q&A. The event was opened by...
CFE Tax Advisers Europe’s 2023 Forum will take place on Thursday 20 April 2023 in Brussels on the topic of “Towards a More Cohesive European Fiscal Union? Minimum Tax & VAT in the Digital Age“. These two key European Commission projects mark another milestone in...
The 33rd Meeting of the EU VAT Expert Group was held on 14th March 2023. The Malta Institute of Taxation was represented at the meeting by Chief Technical Officer, Sarah Cassar Torregiani. The focus of the meeting was the VAT in the Digital Age Proposals...
The Office of the CfR has announced an extension to the VAT return submission (and VAT payment) deadline for the period October to December 2022 from 22 February 2023 till 28th February 2023. The due date of the relative payment is being extended accordingly (ie 28th February...
The anticipated proposal for legislative developments addressing VAT in the Digital Age was published on 8 December 2022. The VIDA package puts forward measures for addressing: real-time reporting of intra-EU transactions the rules for passenger transport and accommodation platforms single VAT registration in the EU The proposed...
The Office of the CfR has issued an information note which reminds persons who take orders from customers for the purchase of goods online from third party websites, purchase those goods in their own name and subsequently resell them to their customers, of their Malta Income...
The Office of the CfR has published an overview of the budget measures relating to Income Tax which were announced in the budget speech for 2023. Download here....
The Office of the CfR has published guidance on certain procedures relevant to the process of refunds to non-EU travellers of VAT paid on goods exported by them outside the EU in their accompanying luggage. The Value Added Tax (Refund to Non-Residents) Regulations (S.L. 406.13)...
The Budget Measures Implementation Bill published on 25 October 2022 is proposing the following amendments to the VAT Act: an increase in the penalty for failure to submit Recapitulative Statements to eur50 per month of default (currently eur10), capped at eur600 per statement (currently eur120); the...
