- Malta Official Gazette announced the VAT Amendment Act 2024
- The act introduces changes to Malta’s VAT system effective January 1, 2025
- Changes include adjustment of acquisition threshold schedules for VAT
- Harmonization with EU Directive 2006/112/EC for taxation and registration
- New special regime for small enterprises covering local and EU supplies and transactions with non-established persons
- Details procedures for VAT cancellation and re-registration
- Specifies that a registered person’s first tax period starts on the registration date
- Aims to align Malta’s VAT system with EU standards and address local VAT specifics
Source: globalvatcompliance.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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