The Maltese government recently adopted into Maltese VAT law the provisions for the simplifications to the cross-border supply of goods within the EU; also known as the ‘Quick Fixes’. As a result, the Malta four Quick Fixes laws come into force as of 1 January 2020.

The ‘Quick Fixes’ aim to provide clarity and guidance on the correct VAT treatment on EU supplies of goods and includes the following:

  • Harmonisation of the VAT treatment of chain transactions in the EU
  • Tightening of the requirements for zero-rated intra-EU supplies of goods
  • Simplification for cross-border consignment stock cases in the EU
  • Standardisation of documentary proof in the case of zero-rated intra-EU supplies of goods

This new bill follows many other EU Member States in implementing the European Commission’s 2018 Directive with regards to the harmonisation and simplification of certain rules in the VAT system for the taxation of trade between Member States.

If you wish to sign up to our training on the EU’s ‘Quick Fixes’, please follow the link here. Our training events take place in Amsterdam and London in February 2020.

The Malta four ‘Quick Fixes’ updates come into force in January 2020. Please contact one of our VAT experts to find out how we can assist you.

By |December 12th, 2019|