EU VAT Portal for Small Enterprises
13 November 2024
The EU Commission has launched a portal dedicated to the VAT rules for Small Enterprises (i.e. the ‘small undertakings’ under the Malta VAT Act).
The new VAT rules for Small Enterprises will enter into effect on 1 January 2025. Under the new rules, businesses which are eligible will have the option to be treated as a Small Enterprise not only for domestic supplies but also those made in another EU Member State (provided that a certain threshold is not exceeded).
The new portal provides information on the new EU rules and will be updated to include information on the national rules in each Member State.