Latest news relating to Tax and VAT in Malta. Click below and contact us if you need any additional information.
Malta transposes the ATAD II Provisions
On 24 December 2019, a legal notice was published whereby the EU ATAD Implementation Rules were amended, with the main aim to transpose the ATAD II provisions, which was adopted by the Council of the EU on 29 May 2017.
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.