142 tal-2013 - Regolamenti tal-2013 li jemendaw l-Erbatax-il Skeda li tinsab mal-Att dwar it-Taxxa fuq il-Valur Miżjud

L.N. 142 of 2013

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Fourteenth Schedule)

Regulations, 2013

IN virtue of the powers conferred by articles 57 and 75 of the

Value Added Tax Act, the Minister for Finance has made the

following regulations:-

(1) The title of these regulations is the Value Added Tax

Act (Amendment of Fourteenth Schedule) Regulations, 2013, and

these regulations shall be read and construed as one with the

Fourteenth Schedule to the Value Added Tax Act, which Fourteenth

Schedule is hereinafter in these regulations referred to as "the

Schedule".

(2) These regulations bring into force the provisions of

Council Directive 2010/45/EU of the 13th July 2010 amending

Council Directive 2006/112/EC.

(3) These regulations shall be deemed to have come into force

on the 1st January 2013.

Paragraph (1) in item 2 of Part Three of the Schedule shall

be substituted by the following

"(1) (a) Subject to the other provisions of this Part, any

person referred to in item 1 of this Part may opt that the tax on

supplies made by him becomes chargeable on the date when a

payment is made for that supply, to the extent covered by that

payment.

Provided that the right of deduction of input tax of

that person shall be postponed until the tax on the goods or

services supplied to him has been paid to his supplier.

(b) Where a tax invoice issued in terms of the Twelfth

Schedule by a person who has made an option in terms of sub-

paragraph (a) does not mention the words "cash accounting" the

option shall not apply and the tax on that supply shall become

chargeable in terms of the other provisions of the Act.".

€0.09