Legal provisions of COM(2021)147 - Authorisation of Malta to derogate from Article 287 of the VAT Directive - Main contents
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| dossier | COM(2021)147 - Authorisation of Malta to derogate from Article 287 of the VAT Directive. |
|---|---|
| document | COM(2021)147  |
| date | May 6, 2021 |
Article 1
By way of derogation from Article 287, point (13), of Directive 2006/112/EC, Malta is authorised to exempt from VAT taxable persons whose economic activity consists principally in the supply of services with a low value added (high inputs), or the supply of services with a high value added (low inputs), and whose annual turnover is no higher than EUR 30 000.
Article 2
Implementing Decision (EU) 2018/279 is hereby repealed.
Article 3
This Decision shall take effect on the date of its notification.
It shall apply until 31 December 2024.
Article 4
This Decision is addressed to the Republic of Malta.