The Mini One Stop Shop will cease to apply as of today, 30 June 2021. With effect from 1 July 2021, the One Stop Shop (OSS) will apply to local businesses supplying B2C services which take place outside Malta and making distance sales of goods...
On 1 July 2021 a number of changes to VAT legislation will come into effect. These include: The new 'Small Undertaking' thresholds (article 11 registration) will enter into effect (see MIT News 27 May 2021) The VAT e-commerce package will come into effect, with changes...
As of 1 July 2021 the VAT exemption which applies to importation of goods of low value (eur22 or less) will no longer apply. Malta VAT will be due on all goods imported from third countries. Suppliers and electronic interfaces selling goods which are imported into...
The EU Commission has adopted an amendment to Implementing Regulation (EU) 2020/194 as regards the exchange of records held by taxable persons or their intermediaries and the designation of competent authorities responsible for coordinating administrative enquiries. The amendments, which concern rules for the exchange of records...
Fiscal receipts will no longer be required to be issued in respect of supplies of goods and services which take place outside of Malta. This results from the new item 2B to the Thirteenth Schedule to the VAT Act introduced in LN 241 of 2021 which...
With effect from 1 July 2021, with the entry into effect of the so-called VAT e-Commerce package, businesses can use the Import One Stop Shop (IOSS) to comply with their VAT e-commerce obligations on distance sales of goods imported from third countries or third territories...
The changes to the VAT rules for e-commerce enter into effect on 1 July 2021. They include a new One Stop Shop, a new Import One Stop Shop, new rules for Distance Sales of goods, and other changes. Are you up to date on the...
Further to the publication of LN 222 of 2021, which announced the entry into force date of the new registration thresholds for small undertakings (See MIT News 27 May 2021), the Office of the CfR has issued guidance on the new thresholds and the implications...
On Monday 24th May, the Malta Institute of Taxation, together with the UK Chartered Institute of Taxation hosted a panel discussion on the key direct and indirect tax considerations post-Brexit. The panellists were: For the Malta Institute of Taxation: Dr Trudy Muscat (Associate Director, KPMG Malta) and...
