The 2021 Risk Evaluation Questionnaires (“REQs”) will be available for completion by subject persons as from 1st March 2021 on the Compliance and Supervision Platform for Assessing Risk (CASPAR) System. The submission deadline for Tax Advisors is 21st April 2021. A copy of the revised 2021 REQs per...
With effect from 28th February 2021 the service currently being offered by local commercial banks in relation to the submission and payment of VAT returns will be terminated. The Office of the CfR encourages the submission of VAT returns and payments through the electronic portals available...
A new online service for reactivation of a VAT and PE number, which processes requests in real time, has been launched for sole proprietors by the Office of the CfR. Access to the service is available through this link. A presentation on this new service is available here. source: cfr.gov.mt...
The Eighth Schedule of the VAT Act has been amended (LN 5 of 2021) to extend the reduced rate of 5% to the following until 31 December 2022: goods falling under sub-headings 9027.80.80 and 3821.00 where they consist of COVID-19 in vitro diagnostic medical devices; and services...
The Fifth Schedule Part 1 of the VAT Act has been amended (LN 4 of 2021) to extend the exemption with credit (zero-rate) to "services closely linked to COVID-19 vaccines falling under sub-heading 3002.20 of the Customs Tariff contained in the First Schedule to the...
A Customs Guidance Document on the Importation and Exportation of Low Value Consignments has been published. This aims to complement the VAT Explanatory Notes published in September 2020 (see MIT News 1 October 2020) with further clarification and practical examples on the customs rules and...
The Fifteenth Schedule to the VAT Act has been revised (LN 477 of 2020) with effect from 1 January 2021 to bring into effect the provisions of Directive 2020/1756 amending Directive 2006/112/EC with regard to the identification of taxable persons in Northern Ireland further to...
Further to the European Commission's consultation on the a proposal to turn the VAT Committee into a ‘comitology committee’ (see MIT News 4 October 2020) the Commission has presented a proposal for a Council Directive amending Directive 2006/112/EC as regards conferral of implementing powers to the Commission...
Pursuant to LN 463 of 2020 the conversion from an 'Article 10' registration (standard) to an 'Article 11' registration (small undertaking), may now be made after the lapse of a full 24 calendar months, replacing the 36-calendar-month requirement. Furthermore, the revised Sixth Schedule of the...
