Malta
Malta is one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | MT |
| EU Member State | Yes |
| Local name | Att dwar it-Taxxa fuq il-Valur Mizjud ('VAT') |
| VAT number format | MT 12345678 |
| VAT Rates | |
| Standard VAT Rate | 18% |
| Reduced VAT Rate | 5% |
| Special Reduced VAT Rate |
7% + 12% |
| VAT Compliance | |
| Standard VAT Return filing period | 3-Monthly |
| Standard VAT Return filing deadline | 15th day of the second month following the filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses |
| Record retention period | 6 years |
| Electronic invoicing | Not mandatory for B2B transactions Click HERE for more info |
| Real-time reporting | n.a. |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
No |
| Other domestic reverse charge mechanisms? | No |
| Postponed Accounting on Import | Yes, with authorisation |
| VAT Grouping possible? | Yes |
| VAT Refunds for non-EU businesses? | Reciprocity is required, but in practice, this is not applied. * |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | * No refunds are granted to non-EU-established persons under conditions that are more favorable than those applied to EU-established taxable persons and on supplies made by a non-EU established person where its business would by its nature be treated as exempt without credit had the business been carried out in Malta |
Below is an overview of the latest VAT news for this country.
Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.
More information: https://www.vatupdate.com/disclaimer/
