- Starting 1 January 2027, small enterprises making distance sales of imported goods will no longer be able to use the Import One-Stop-Shop (IOSS) scheme if they benefit from the Small Enterprises (SE) exemption scheme, as per the amendment in article 369m.
- The new regulations classify the supply of natural gas, electricity, heat, or cooling energy through networks to specific legal persons as Intra-Community distance sales of goods, allowing these supplies to be reported under the Union OSS Scheme until 1 January 2028 (article 369aa).
- Small enterprises and suppliers of energy products should prepare for these changes, ensuring compliance with the new VAT reporting requirements and understanding the implications of the SE exemption scheme on their operations.
Source Forvis Mazars Malta
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