As of 1st July 2018, under amendments to the Maltese VAT Act, the small undertakings registration threshold for taxable persons whose main economic activity lies in certain supplies of services is increased to EUR 20,000 from EUR 14,000.

This means that if the annual turnover of an affected taxable person is no higher than EUR 20,000, it can opt for the exemption regime for small undertakings, under which it neither charges nor recovers VAT.

Additionally, the qualifying threshold to transfer from a general VAT registration to registration under the small undertakings scheme, is increased to EUR 17,000 from EUR 12,000.

By |June 11th, 2018|