With constantly changing regulations, it can be hard to keep up with reporting requirements and deadlines.
Certify 2018 – 2020 is a fiscal measure administered by the Malta Enterprise Corporation to encourage eligible undertakings to continuously improve the quality of their products, services and processes through the attainment of industry recognised certifications and quality marks.
On the 22nd May 2018, two new legal notices concerning VAT matters were published, to enact regulations announced by the Minister for Finance in the 2018 Budget.
Please ignore such letters, since anyone signing and returning the letter will be entering into an advertising contract for an annual fee.
In the 2018 Budget Speech, the Minister of Finance had announced the introduction of the VAT Grouping Scheme into local legislation, whereby two or more persons would have the option to be treated as a single taxable person for VAT purposes.
Take note of the following changes within the VAT & Income Tax Department related to VAT and Income tax payments and move to the new premises.
Malta Enterprise will approve a tax credit equivalent to 45% of eligible expenditure. An additional bonus of 20% applies to undertakings operating from Gozo.
The Commissioner of Revenue has notified the extension of the deadlines for the electronic filing of Income Tax returns for companies.
An undertaking may claim a deduction against its income equivalent to 150% of the employee transportation costs incurred in the relative year.
Get everything in order for your 2018 Tax and VAT deadlines with our guide sheets - Download them now!