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...
The Central Bank of Malta is launching a training scheme for retailers to build up and enhance cash handlers’ skills in checking the authenticity of banknotes at the point of sale.
The training is being offered for free and can be offered on site or online. The training has been designed in such a way that retailers can opt to train all cash handlers or else only one member of staff who will subsequently be able to act as a trainer for the rest.
Upon completing the necessary training, retailers will be given a sticker by the Bank which they can display as a form of certification, which will be valid for a two-year period. As part of the scheme, the Bank can also provide the latest counterfeit calibrating equipment to ensure that retailers’ machines and devices are capable of detecting all known current counterfeit banknotes.
By participating in this scheme, retailers will reduce their risk of financial losses and the reputational risks resulting from the inadvertent acceptance of counterfeit notes, and at the same time will support society by helping to prevent the spread of counterfeit banknotes and the crime associated with them.
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).