171 tal-2006 - Regolamenti tal-2006 li jemendaw it-Tnax-il Skeda li tinsab ma’ l-Att dwar it-Taxxa fuq il-Valur Miżjud

L.N. 171 of 2006

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax (Twelfth Schedule Amendment) Regulations,

IN virtue of the powers conferred by articles 50(5) and 75 of the

Value Added Tax Act, the Prime Minister and Minister of Finance has

made the following regulations>

The title of these regulations is the Value Added Tax (Twelfth

Schedule Amendment) Regulations, 2006 and these shall be read and

construed as one with the Twelfth Schedule to the Value Added Tax

Act, which Twelfth Schedule is hereinafter in these regulations referred

to as “the Schedule”.

For items 6 and 7 of the Schedule, there shall be substituted

the following>

“Supplies on which no tax is chargeable

When a tax invoice refers to supplies on which no tax is

chargeable, it shall indicate a brief reference to the relevant

provisions of this Act, or the appropriate provisions of Directive

77#388#EEC, or any other indication on the grounds of which no

tax is chargeable, distinguishing between>

(a)

supplies made outside Malta<

(b) exempt with credit supplies<

(c)

exempt without credit supplies.

Reverse charge

Where the customer is liable for the tax on the supply,

the invoice shall contain an indication to this effect by the inclusion

of the words “Reverse Charge” and a brief reference to the provision

in the Act, or the appropriate provisions of Directive 77#388#EEC

under which the reverse charge procedure is provided, or any

indication that the supply is subject to the reverse charge procedure.

When the invoice is for a supply to which article 20(2)(a) refers, it

shall, moreover, contain the word “Triangulation”.”

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press