L.N. 318 of 2004 VALUE ADDED TAX ACT (CAP. 406) Value Added Tax (Adjustments relating to Input Tax on Capital Goods) Regulations 2004

This regulation establishes rules for adjusting input tax previously claimed on capital goods. It ensures that the amount of tax recovered aligns with the actual long-term use of assets, preventing inaccuracies in tax reporting over time. Businesses in Malta that purchase significant assets or capital goods are affected. They must follow these specific adjustment procedures to remain compliant with national VAT laws.