18 May 2022
 
 
The MIT Weekly

Tax News & Updates

 
 

Ministry for Finance and Employment Press Release on Tax Deferral Scheme

The Ministry for Finance and Employment has issued a Press Release in relation to the repayment of taxes that were eligible under the Tax Deferral Scheme launched in March 2020 (See MIT News 20 March 2020). It has been announced that beneficiaries under the scheme...

 
 

CFE Opinion Statement on VAT in the Digital Age Consultation

CFE Tax Advisers Europe issued an Opinion Statement on the EU VAT in the Digital Age Consultation on 5 May 2022.

On Digital Reporting Requirements...

Commission proposes DEBRA to help businesses access financing

On 11 May 2022 the Commission proposed a tax incentive to help businesses access financing, a measure that will introduce an allowance granting to equity the same tax treatment as debt...

 
 

VAT Zero-rating of supplies to armed forces

LN 138 of 2022 has revised item 14 of part 1 and item 9 of part 4 of the fifth Schedule to the VAT Act, adding to the list of exempt with credit supplies and imports, certain supplies of goods and services and imports intended either for the armed forces...

ICA of goods for use by MS armed forces

The definition of ‘intra-community acquisition’ has been revised by LN 140 of 2022 to include the application by the armed forces of a Member State taking part in a defence effort carried out for the implementation of a European Union activity under the common security and...

 
 
 
 
 

CPE Events this month

19 May 2022 - Tax Compliance Series 3:  Capital Gains & Stamp duty reporting
26 May 2022 - Tax Compliance Series 4:  VAT Returns

 
 

VAT Registration - the Options and Obligations

  MIT VAT

A business's VAT compliance starts with VAT registration, and very often questions arise around the obligations and options for example:
- is there an obligation to register?
- which registration applies (Art 10 or 12)?- when can art 11 be applied?
- When is registration and obligation and when is it an option?
- How can a business convert its registration? and many more...

This session will be an opportunity to bring your questions around VAT registration for discussion. The MIT will be putting together an FAQ document on VAT registration, which will also include the key practical VAT registration issues and queries discussed during this session.

Date: 1 June 2022

Time: 15.00 - 18.15
Speaker: Saviour Bezzina

 
 
 
 
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