Tax Advisory Services – Professional VAT Advice
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VAT Return In Malta – A Detailed Overview
In 1998 a law was introduced requiring those responsible for operating businesses, or people who are self-employed in Malta to submit details to their Value Added Tax (VAT) Department. If you want to apply for VAT in Malta the information provided here will help you navigate your way through the steps you need to take and what to do if you are applying for VAT.read more
The VAT Act governs Malta’s value-added tax. It works hand in hand with its subsidiary legislation, which is concerned with company and individual registration for VAT. As per the law, natural people and legal organisations that carry out economic activities are taxable.read more
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.read more
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...read more
An offshore company can be described as an entity registered outside the country where it’s mainly operating in. The term offshore refers to the company not being resident where it is formally incorporated. Furthermore, often more than not, the directors and other...
Malta introduced a fiscal unity rules on the 31st May 2019 allowing a parent company to be the principal taxpayer for its direct and indirect transparent subsidiaries. The rules for a fiscal unity allowing a consolidated group income tax return enter into force from...