Malta collects €650m taxes via its predictive AI fiscal administration Malta has confirmed that in 2024 it collected an impressive €650 million more in tax compared to the previous year. Most of this increase was directly attributed to the use of artificial intelligence (AI) tools
Malta adds third reduced VAT rate Malta is to add to its existing 7% and 5% reduced VAT rates with a new reduced rate of 12%. There is also some zero-rated supplies. The new rate applies from 1 January 2024 are the change was gazetted.
The Mediterranean island of Malta is to introduce VAT group regime from 1 June 2018. This would enable connected companies to be registered as a single VAT payer, and reduce VAT cash flow payments. VAT group requirements Two or more companies may apply to consolidate
Malta has proposed in its 2021 budget raising its Value Added Tax registration threshold for the supply of goods to €35,000 per annum. All other supplies will be €30,000. If adopted, the increased threshold will apply until 31 December 2024. Check EU VAT registration thresholds
