- New provisions have been introduced in Malta regarding VAT fraud prevention. The Minister for Finance may now require any person to provide information to the CfR for this purpose. Failure to do so may result in an administrative penalty of €50 per month, up to a maximum of €600 per instance.
- Additionally, penalties for late filing of VAT recapitulative statements have been significantly increased to €50 per month, with a maximum penalty of €600 per statement. These measures indicate a strong stance by the Malta tax authorities on enforcing compliance and penalizing non-compliance.
Source Deloitte
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