Malta Publishes Regulations on VAT Grouping Rules and Increase in VAT Registration Threshold

Malta has published Regulations L.N. 162/2018 and L.N. 163/2018, which provide new valued added tax (VAT) grouping rules and an increase in the VAT registration threshold for small taxpayers.

Regulation L.N. 162/2018 provides for the formation of VAT groups for the financial/insurance services and gaming sectors. The main benefits of VAT grouping include that supplies between group members are generally disregarded for VAT purposes and compliance requirements are reduced since the group is…