Navigating the complexities and the challenges of international trade has never been easy, but companies must now contend with a wide assortment of import and export regulations and tax rules. While being in-line with all the procedures keeps your business compliant with the applicable law requirements, it demands an eye for detail and involves a number of time-consuming practices. We can help you with your VAT, customs, excise, environmental tax needs and to keep-up-with all indirect tax developments.
Our experienced team will perform an in-depth analysis and input ongoing hands-on assistance while offering the necessary suggestions for your business to improve in functionality.
Are your instalment sales exposing you to VAT risks?
In the recent ECJ ruling concerning the case* of Volkswagen Financial Services (UK) Ltd a number of VAT considerations were brought to light.
*Case C-153/17
This self-assessment will help you assess whether your business is exposed to any of these VAT risk. Should you wish to explore the implication of this case on your business model in more detail then we kindly ask you to include your details at the end of the self-assessment - this step is not obligatory and you are not required to provide such details to complete the self-assessment.
Our end-to-end solution for reporting to CESOP
The new Directive will require PSPs to collect and report data on cross-border transactions, from 1 January 2024. This reporting obligation has been introduced as part of an EU-wide regime to detect and combat VAT fraud arising from cross-border e-commerce transactions.
Our solution was developed by a team of experts that bring together the necessary regulatory, business and technology knowledge. The solution has been designed in a way to tackle all the reporting requirements to the CESOP in an automated manner, thus reducing the compliance burden on your teams.
Financial Institutions should remain up to date with new landmark cases and have impact assessments.
PwC Financial institutions | Anna Herrera and Cliff Mensforth
Technology interacts with VAT and Tax to address issues with gap areas and reduce any errors.
Technology in Tax | Mirko Gulic and Johnny Wickham
Delve into the detailed changes to the SME scheme effective from 1 January 2025, in line with updates to the EU Council Directive 2006/112/EC. The new special scheme for small enterprises allows taxable persons established in an EU Member State to exempt their cross-border supplies from VAT. The amendments to the Value...
Local VAT legislation has been updated effective from 1 January 2025, incorporating Council Directive (EU) 2020/285. Small enterprises with an annual turnover of up to €100,000 in the EU are eligible for VAT exemption. Amendments to Articles 10 and 11 of the Maltese VAT Act update registration provisions and...
At the Economic and Financial Affairs Council (ECOFIN) meeting on 5 November 2024, an agreement was reached for the adoption of the VAT in the Digital Age (ViDA) Directive. Key dates include the voluntary implementation of the platform economy and single VAT registration by 1 July 2028, mandatory adoption of deemed...
The CBAM phased implementation keeps progressing and starting Q3 2024, default values may only be used for up to 20% of emissions regarding complex goods, while non-complex goods must report actual values. The Q3 report deadline is 31 October 2024, with modifications allowed until 30 November. From 2025, only...
The 8th Directive allows businesses to reclaim VAT incurred in EU Member States where they aren’t established. Maltese businesses must be VAT-registered, not have an EU presence, and apply by 30 September 2024. Applications are submitted via the MTCA portal, with appeals handled by the Member State of refund.
"Quick Fixes" are EU VAT rules effective from 1 January 2020, addressing call-off stock arrangements, chain transactions, and intra-community supply exemptions. Businesses engaged in cross-border EU trade must comply with these rules to reduce administrative burdens and ensure accurate reporting. Council Implementing...
The Customs Centralised Clearance Procedure (CCCP) allows Authorised Economic Operators (AEOs) to electronically declare goods at a single customs office, regardless of the goods' EU entry point. AEOs benefit from streamlined customs processes and fewer controls. Under the Union Customs Code, CCCP enhances efficiency...
New VAT guidelines clarify the reduced 12% rate on specific supplies from 1 January 2024. It applies to credit management by third parties, short-term hiring of pleasure boats in Malta, and certain human body care services. Exemptions and standard rates remain for other cases. CfTC issued detailed instructions.
Malta has published Legal Notice 272 of 2023 which transposes the EU CESOP Directive introducing mandatory reporting requirements for payment service providers into the Maltese Value Added Tax Act with effect from 1 January 2024.
The Commissioner for Tax and Customs (‘CfTC’) has published new guidelines for the VAT treatment of Health Care services which are based on the provisions of the EU VAT Directive 2006/112/EC and jurisprudence of the Court of Justice of the European Union. These guidelines include a number of interpretations and provide...
