163 tal-2018

L.N. 163 of 2018

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Sixth Schedule)

Regulations, 2018

BY VIRTUE of the powers conferred by articles 11 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 Sixth Schedule) Regulations, 2018, and these

regulations shall be read and construed as one with the Sixth

Schedule to the Value Added Tax Act, which Sixth Schedule is

hereinafter in these regulations referred to as "the Schedule".

(2) These regulations implement the provisions of Council

Implementing Decision (EU) 2018/279 of the 20th February 2018

allowing Malta, until the 31st December 2020, to exempt from VAT

taxable persons whose economic activity consists principally in

supplies of services with a high value added (low inputs) and whose

annual turnover is no higher than twenty thousand euro (€20,000).

(3) These regulations shall come into force on 1st July 2018

and shall, unless renewed, cease to apply on 31st December 2020.

In the Table at the end of Part One of the Schedule, in the

Second Column of row C, for the figure "14,000" there shall be

substituted the figure "20,000" and, in the Third Column of the said

row C of the same Table, for the figure "12,000" there shall be

substituted the figure "17,000".

€0.09