VAT changes coming into effect on 1 July 2021
28 June 2021
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 including: the removal of the exemption for low value imports; the One Stop Shop; and the Import One Stop Shop (see MIT News 8 June 2021)
- The removal of the requirement to issue fiscal receipts for supplies which take place outside Malta (See MIT News 12 June 2021)