Are you ready to go beyond?

Until 31 December 2024, VAT was levied on live-streamed events, including live virtual events, where that event took place. This means that live-streamed events were subject to VAT in the country in which the event was taking place, even if the viewers were located in a different jurisdiction.

Grant Thornton Malta, in association with 12 Grant Thornton member firms in Europe are launching the very first study aimed at establishing an overview of the DPO (Data Protection Officer) function in the main European countries. This survey, of about 8 minutes, will allow us to establish a precise inventory, revealing the reality of the today's DPO function not only in Malta but also in our principal European neighbors. As part of the response analysis, you may be asked by our teams for an interview to comment on the results. Please note that the questionnaire is active until December 15, 2023. We sincerely appreciate the time you have taken to contribute to this study.

On the 5th of November 2024, the European Council approved a set of measures designed to modernise the EU's value-added tax (VAT) framework for the digital era. The legislative package includes new regulations for electronic invoicing, real-time data reporting, and transactions conducted via digital platforms. These changes aim to combat tax fraud, support businesses, and advance digitalisation.

The Malta Financial Services Authority (MFSA) has been conducting a number of consultations to gather valuable insights as part of the review and update of the Financial Institutions Rulebook. As part of this process the MFSA released further enhancements to the Financial Institutions Return (FI Return), governed by Chapter 3 of the Financial Institutions Rulebook (FIR/03).