Key changes include introduction of a general anti-abuse provision in the Maltese VAT Act, removal of provision on income tax deductibility of interest under VAT Act, broader access to books and records during investigations, record-keeping requirements for taxable persons not registered for VAT, clarification on filing correction form after provisional assessment, and changes to appeals process after Tribunal decisions.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Malta"
- EU Issues Formal Notices to Belgium, France, Malta Over VAT IT System Compliance
- EU Opens Infringement Procedures Against Belgium, France, Malta Over Small Enterprise Scheme
- Commission calls on BELGIUM, FRANCE, and MALTA to fully implement the new EU VAT rules for the special SMEs scheme
- PN Urges VAT Reduction for Restaurants to 7% to Support Sustainability
- 2025 VAT Updates Announced in Malta
