In the 2021 Budget Speech delivered on 19 October 2020, the Malta Minister for Finance announced that the turnover threshold for ‘Small Undertakings’ will be increased from eur 20,000 to eur 30,000. Supplies by persons registered as small undertakings are exempt from VAT (and no right of input tax deduction) and such persons have simplified reporting requirements.
Source: Malta Institute of Taxation
See also our earlier post HERE
