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 |
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 businessesNo |
Record retention period | 6 years |
Electronic invoicing | Not mandatory for B2B transactions |
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 |
Here's an overview of the latest VAT news for this country.