On 4 October 2017, the European Commission proposed a drastic reform of the VAT system of the European Union to modernise the VAT system and make it simpler and more business-friendly for the benefit of both Member States and businesses. In the short term, the European Commission has also proposed a number of ‘quick fixes’ to improve the VAT system. These will be effective as of January 2020.
There were a number of recent developments within the Maltese Tax Legislation, particularly the adoption of the Anti-Tax Avoidance Directive (ATAD 1) provisions which have started to apply with effect from 1 January 2019.
The Skills Development scheme has been launched by Malta Enterprise with the main aim to provide assistance for the development of training programmes. These rules shall be deemed to have come into force from 1 September 2018.