Key 2026 VAT Reforms: Registration, Open Market Value, and Deemed Supplies for Related Parties

The Budget Measures Implementation Act, 2026 was enacted on March 10, 2026.
It implements tax measures announced in the October 2025 budget speech.
VAT changes include new registration rules for non-Maltese entities.
An open market value requirement is introduced for certain related-party transactions.
The scope of deemed supplies is extended to include certain services.

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.