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BCMS Limited
'Coral'
243/1 Constitution Street
Mosta, MST 9052
MALTA

T: +356 2142-1111
M: +356 9947-5566
F: +356 2141-7118
E: rkg@bcmsltd.com

Amendments to thresholds for small undertakings (VAT)

Legal Notice 163 of 2018 was enacted on 22 May 2018 and brought about another measure announced in the last Budget speech amending the thresholds for a business to qualify as a small undertaking. Below are  the revised thresholds.

These thresholds will apply between 1 Jul 2018 until 31 December 2020 (unless renewed further) which is in line with the VAT Action plan adopted by the European Commission to reduce the VAT obligations for small enterprises.

CategoryEntry thresholdExit threshold
Economic activities consisting principally in the supply of goods€ 35,000€ 28,000
Economic activities consisting principally in the supply of services
with a relatively low value added
€ 24,000€ 19,000
Other economic activities€ 20,000
(€14,000 up to
30 June 2018)

€ 17,000
(€12,000 up to
30 June 2018)