COM (2009) 21 Proposal for a Directive on the common system of value added tax as regards the rules on invoicing. The following measures are being proposed:
simplifying the rules on the chargeability to tax for intra-Community supplies by creating a single date on which the tax becomes chargeable;
changing the rules on the right of deduction (either by applying equal treatment between the requirements of the supplier to issue and invoice and the customer to hold an invoice in order to exercise the right to deduction or extending an existing optional cash accounting simplification measure to all Member States);
clarify as to which Member State's rules apply on invoicing by proposing a set of harmonised rules for b 2 b invoices;
provide for a two-tier system for either a full or a simplified version of a VAT invoice depending on the situation;
treat both paper and electronic invoices equally;
Set out a common EU time period of 6 years for the storage of invoices, wherein paper invoices may also be converted to electronic ones for storage purposes.
Source: MEUSAC General Affairs Committee
24 April 2026
The Malta Chamber of SMEs, in collaboration with Transport Malta, organised the second educational session...
23 April 2026
Thanks to EU funding, the Malta Chamber of SMEs organised another free specialised training session...
22 April 2026
Earlier this week, Malta Chamber of SMEs President Mr Paul Abela attended a special event...
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).
