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Information about business banking in Malta

Business Bank Account In Malta – How To Apply?

If you’re planning to open a new bank account in Malta, you’ll be pleased with all the available options, no matter if you’re looking for a private account or a corporate banking solution. The key to

Banks for Business in Malta: A Closer Look at Top Options

There are currently a total of 26 banks for business in Malta and three of these are international branches of foreign institutions. These firms operate according to the guidelines set forth in the 1994

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VAT Rate in Malta and Completing VAT Registration

VAT Rate in Malta and Completing VAT Registration

Value Added Tax (VAT) was first introduced in Malta in 1995 although the system has gone through many changes since its conception. Most notably, was when Malta joined the European Union (EU) in 2004 and the VAT rate was aligned to the rate dictated by the EU’s Council Directive. The current VAT rate is 18% and the tax is paid on most transactions that occur on the island, although some products and services attract a lower rate.

VAT Malta – FAQ on Transaction and Value Added Tax

VAT Malta – FAQ on Transaction and Value Added Tax

What is the Standard VAT Rate in Malta? In Malta, the allowable rate of the VAT is 18%. However, a reduced VAT rate of 7% also exists and applies to tourism accommodation. The only resorts or hotels that can benefit from this reduction must be authorised by the...