VAT SMEs – Explanatory Notes
7 March 2025
The MTCA has issued Explanatory Notes, for the purpose of article 3(2)(c) of Cap. 512 of the Laws of Malta, on the changes to the VAT Act introduced by Act XXXVIII of 2024 and Legal Notices 344 to 353 of 2024, which entered into effect on 1 January 2025. The changes revised the rules for ‘Small Enterprises’ registered under the VAT Act and also extended the application of the exemption for supplies by Small Enterprises to supplies made in other EU Member States (See MIT News 18 December 2024)
Download: Explanatory Notes – SMES VAT