The End of the VAT exemption for goods up to €22 – No Transitional Period
22 June 2021
As from 1st July 2021, the European Union will introduce new VAT e-commerce rules to...
There is a need for more focus on cultural and creative industries (CCIs). This is the essential message in a recent Opinion adopted by the European Economic and Social Committee (EESC), which also comments on the Commission's Green Paper entitled "Unlocking the potential of cultural and creative industries".
Whilst the share of manufacturing industries in the European economy diminishes, culture and creativity are essential assets for Europe's future. CCIs -investments, jobs- are expected to grow disproportionately. The EESC calls for an "internal market" and a "European space" for creativity.
To that end, it pleads for a better definition of the sector, for more accurate statistics and for attention for the social impact of creativity clusters.
Among the main aspects to take into account, is the requirement to offset the vulnerability of the sector's businesses -especially SMEs- and the shaping of a "critical mass" of investments, smart tax concessions, new funding models and instruments and the protection of intellectual property. It can also be useful to draw up Europe-wide business plan guidelines for creative projects/services/works, as well as performance indicators.
The full text of the Opinion in all EU languages is available on: http://www.eesc.europa.eu/?i=portal.en.creative-industries along with information on related CCMI activities in Valencia and Essen.
Director General Vince Farrugia is one of Malta's representatives on the EESC and amongst others also member of the Consultative Commission on Industrial Change (CCMI)
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).