Malta’s 2024 VAT Amendment Act: Key Updates and New Small Enterprise Regime

• The Maltese Official Gazette published Act No. XXXVIII/2024 on December 17
• The VAT Amendment Act 2024 includes several measures
• Updates the acquisition threshold schedules for VAT
• Aligns taxation and registration requirements with EU Directive 2006/112/EC
• Establishes a special regime for small enterprises in Malta, other EU states, and for non-established persons
• Sets the process for cancelling and re-registering for VAT
• Clarifies that a registered person’s first tax period starts on the date of registration
• The law will be effective from January 1, 2025

Source:

• Legislation.mt
• news.bloombergtax.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.

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