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 SME Chamber has been calling on greater visibility and a defined recovery plan for months. Today’s announcement by Minister Clayton Bartolo is therefore greatly welcome and a sign that Malta is on the road to recovery.
The Malta Chamber of SME had emphasised that this year-round we were expecteing better planning and benefits out of a full year’s experience in dealing with the pandemic and also following the vaccine roll-out in Malta. As much as we understood the difficult and changing scenario, our country was in dire need of a plan for 2021, however tentative.
Recent positive developments on the health front are indeed encouraging and it is clear that the restrictions in place, combined with the vaccination strategy are working. It is essential that Malta does not let its guard down and therefore intensifying restrictions during the easter break was also a necessary move that we support.
The SME Chamber therefore hopes that this will be the first important step that will lead to more visibility in relation to economic recovery.
Many sacrifices have been endured by all and this includes the business community. Some businesses have been closed for months and suffered great difficulties during this period. It is therefore imperative that the steps to recovery are taken with great care and are gradual.
Malta needs to remain and be able to market itself as safe. As such, strict rules must be followed that ensure incoming tourists are not putting our country’s health care situation in danger. The SME Chamber believes that Malta now has the necessary experience and infrastructure in place to handle the gradual re-opening of the tourism season appropriately.
The SME Chamber advocates for the general public and especially the business community not to lower their guard and respect the health standards to the full because that is the only way in which strategies for recovery can be successful.
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).