Malta Gazettes VAT (Amendment) Act 2024

The Maltese Official Gazette Dec. 17 published Act No. XXXVIII/2024, the VAT (Amendment) Act, 2024. The law includes measures: 1) updating the acquisition threshold schedules for VAT; 2) aligning taxation and registration requirements with EU Directive 2006/112/EC; 3) establishing a special regime for small enterprises for supplies made within Malta, within other EU states, and for persons not established in Malta; 4) setting the process for cancelling and re-registering for VAT; and 5) clarifying that a registered person’s first tax period commences on the date of registration. The law enters into force Jan. 1, 2025. [Malta, Government Legal Database, 12/17/24] ...