EMD is a dynamic and established Maltese firm providing traditional legal services as well as specialized legal and advisory services to its clients both in Malta and overseas.
VAT Gap: EU countries lost an estimate total of €152 billion in Value-Added Tax (VAT) in 2015, according to a new study by the European Commission, showing urgent need for VAT reform. Read more
Following the recent decision of the European Court of Justice concerning the right to deduct input VAT charged on invoices, the Belgian VAT Administration issued on 12 October 2017, a Circular letter providing guidelines on the requirement of a compliant invoice, to ensure the right to deduct incoming VAT.
ISG Tax is a team of indirect tax experts, with extensive knowledge of VAT, customs, excise and CAP (sugar tax) duties.
Based in the North-west of the UK, we work from an historic converted church hall. ISG has three indirect tax experts working within the business (Darren, Richard and Chris), collectively with over 35 years of knowledge and experience, as well as an efficient administration team.
On 9th October 2017 the following Budget Measures for 2018 were announced by the Maltese Minister of Finance and are expected to be introduced in the forthcoming calendar year once the relative Bill is approved by Parliament. Read more
According to the small business VAT regulation in Austria entrepreneurs whose turnover doesn’t exceed EUR 30.000 (net) in one assessment period are exempted from VAT. If this threshold is exceeded once in five years by not more than 15 % it doesn’t affect the exemption.
The Italian Budget Law For 2016, Law N. 208 Of December 2015 (“The Budget Law – Legge Finanziaria“), Passed By The Italian Parliament On December 22, 2015, Repealed Italy’s Tax “Blacklist” Rules.
The ROYAL ORDENANCE 596/2016, December the 2nd modernizes improves and boosts the electronic means usage in the management of the Value Added Tax.
On 23 February 2017, a royal decree abolishing as from 1 April 2017 the obligation for VAT taxable persons submitting quarterly VAT returns to make advance payments, has been published in the Belgian Official Gazette.
The Luxembourg VAT authorities released last year a Circular (n° 781 – 30 September 2016) confirming the VAT status of directors. Until this Circular, no specific guidance had been issued and the question whether directors’ fees were subject to VAT or not gave rise to discussion. The rules have been applicable since 1 January 2017.