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...
and retail trade businesses accounted for 19.3 % of the total registered
business units in 2012. In
2012, registered business units amounted to 70,782, an increase of 2.1 %, or
1,461, over the amount recorded in 2011. Business units are predominantly
solely owned or in partnership. These amounted to 42,035 registered units and
accounted for 59.4 % of the total.
liability companies represented 37.3 % of all units, a 4.9 % increase when
compared to 2011. By economic activity, the number of business
in wholesale and retail trade, except that of motor vehicles (NACE divisions 46
and 47 combined), amounted to 19.3 % of all business units, up by 2.0 % from
registered business units in crop and animal production, specialized
construction activities, food and beverage service activities and activities of
head offices; management consultancy activities amounted to 4.5, 5.5, 4.4 and
4.6 % respectively of the total registered units in 2012.
size class, 97.1 % of business units employ fewer than 10 persons and are
considered micro. On the other hand, only 83 enterprises in Malta employ more
than 250 persons and are classified as large.
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).