- Malta plans to accelerate the introduction of mandatory e-invoicing and real-time VAT reporting.
- The reform aligns with international standards, including the OECD’s 15% Global Minimum Tax and the EU’s ViDA initiative.
- Key goals include modernizing VAT administration, combating fraud, expanding OSS for cross-border compliance, and imposing new VAT obligations on digital platforms.
- No official implementation dates are set, but a phased rollout is expected to align with EU 2030 requirements.
- Malta’s high VAT gap (24.2% in 2023) is driving urgency for these reforms, with an announcement on the timeline expected soon.
Source: vatabout.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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