Malta was authorised to increase the threshold for the category with the lowest turnover, that is EUR 14 600, to EUR 20 000 until 30 December 2020. Malta requested to prolong the application of this measure until 2024.
The special measure has reduced significantly the administrative burden and costs for the substantial amount of Maltese small enterprises indicated above. Moreover, the application of the special measure has enabled Malta to allocate more resources to the fight against VAT fraud and the enhancement of enforcement of the current VAT system.
The derogation measure, simplifying the obligations of small operators, is in line with the objectives set out by the European Union for small businesses.
It is therefore appropriate to authorise Malta to apply the derogating measure until 31 December 2024.
Source: eur-lex.europa.eu
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