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...
This is one other Authority heavily biased against retailers, traders and enterprise in general.The law is replaced with action against business. It is all based on a wrong attitude to business and based on statistical facts that are completely wrong.
The number of cases reported to all consumer centres in Malta whether private, Malta Government or European Union paid is infinitesimal compared to the total value of transactions that go on throughout the years. If we were to take the total figure of private consumption in Malta, divide it by the number of days in which retailing and trading is going and divide again by the total number of hours all shops and service providers are open and assume an average value of a transaction, one would find that the total number of reported cases in Malta and Gozo do not even equal the number of transactions that go on in one single minute, let alone in a whole year.
Even if they accounted for all transactions in a day, the cost for our taxes of all the fuss being made by the whole operate under Dr Chris Said is superfluous. We are not saying that consumer education, standards, competition rules and enforcement is not necessary, but what Government is doing is excessive. But of course for Governments, unlike private business, money is no problem, what they fail to understand is that enterprise creates the jobs. It's enterprise that creates the wealth. It's enterprise that makes it possible for people and businesses to pay the taxes that keep politicians and bureaucrats in state employment in a job that pays.
But Government is now losing the whole act. They do a lot of excellent work but their attitude to business and enterprise gets worse by every act. This Act of Parliament is anti-business, it is one other exposure of Government that has lost its enterprise driven consciousness. Its regulation-driven system getting worse by the day.
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).