- Malta’s budget revealed a 24.2% VAT Gap, over twice the EU average.
- The Tax and Customs Administration (MTCA) will phase in e-reporting and pre-filled VAT returns, aligning with the 2030 e-invoicing mandate.
- The MTCA will accelerate Digital Real-Time Reporting (DRR) and e-invoicing to capture transaction data instantly.
- These measures aim to reduce retrospective audits, minimize errors, and improve transparency.
Source: vatcalc.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.
Latest Posts in "Malta"
- Malta’s Phased B2B E-Invoicing Strategy Ahead of EU ViDA Mandate
- Malta Set to Launch Mandatory E-Invoicing and Real-Time VAT Reporting in Digital Tax Reform
- Malta’s 2025 ViDA Roadmap: Peppol e-Invoicing, Digital Reporting, and VAT Compliance Transformation
- When VAT Exemption Fails: Key Triggers for Tax on Aircraft Leasing and International Transport
- Malta’s VAT Gap Hits 24.2%, More Than Double EU Average, Prompting Digital Tax Reforms
