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 Office for Fair Trading (OFT) in Malta has received an abundance of criticism from GRTU over the past years. The major point of criticism was towards Government's inability, through negligence, or as GRTU suspected, the incapability of design and to provide OFT with good human resources capable of meeting the challenges that occur.
Some thought it strange that it was the national Traders and Retailers Union that persistently raised the alarm about OFT, particularly during the years when OFT remained effectively choked, or rather headless, when no head of OFT was appointed. GRTU had even complained to the EU Commissioner responsible for competition, but strange as that may seem the European Commission wrote that it was not up to them to insist that there should be a properly manned OFT in Malta. It’s incredible, but sadly true.
Now finally things have changed. Not only has OFT an effective head that is increasingly reaching out to meet the levels of effectiveness expected of her, but the office is also better manned and more capable of handling serious investigations. There’s still a long way to go but positive signs are there and they are very clearly marked.
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).