On 24th February 2018, Council Implementing Decision 2018/279 was published authorising Malta to increase its VAT registration threshold for certain resident small businesses to EUR 20,000 from EUR 14,600 as of 1st January 2018.

This means that affected taxable persons whose annual turnover is no higher than EUR 20,000 are exempt from VAT registration. The measure is expected to reduce small businesses’ VAT compliance obligations and therefore decrease their administrative costs.

The thresholds concerning non-resident enterprises and distance sellers remain unchanged at nil and €35,000 respectively.

By |May 10th, 2018|