Malta published the Value Added Tax (Amendment) Act 2024 in the Official Gazette on 17 December 2024. Among other things, the Act provides for the introduction of the EU small business scheme for cross-border supplies in accordance with Council Directive (EU) 2020/285 of 18 February 2020. This essentially provides that a taxable person established in another EU Member State can apply the VAT registration exemption for small businesses in Malta if their annual turnover in Malta does not exceed the exemption threshold in Malta and their annual turnover in the EU does not exceed EUR 100,000. Likewise, small businesses in...