Tax evasion has
unfortunately become rampant in our country. A number of individuals, including
foreigners, have somehow come to feel comfortable with evading tax or not
complying with it as stipulated by the law.
GRTU
immediately alerted the VAT Department of the situation and it transpired that
the complaints we received where indeed founded. The VAT Department took
immediate action and assigned inspectors to carry out inspections on traders
and businesses for three consecutive dates at the trade fair. The Vat
Department confirmed to us that the majority of traders were found to be in
conformity with Vat legal obligations, but a few were found to be in breach and
were therefore reported. Action on these reports is being taken by the
Department as per normal procedure.
We urge
members to inform GRTU of any tax evading practices they might be aware of.
This will be treated with utmost confidentiality.
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The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).
