VAT Returns – Malta

Malta

VAT Name :
Taxxa fuq il-Valur Mizjud (VAT)

VAT Number Format :
12345678 (8 characters)

VAT Information Offices :
Business 1st Office, Ċentru Joseph Grech, 2nd Floor Cobalt House, Notabile Road, Mrieħel Industrial Estate, Mrieħel, B’Kara BKR3000

RATES

RateTypeWhich goods or services
18%StandardAll other taxable goods and services
7%ReducedHotel accommodation; Sporting facilities; Transport of passengers; Cultural services
5%ReducedReduced e books: Confectionery; Listed items of medical equipment; Books; Newspapers and periodicals; Admission to theatres; Window cleaning in households; Bicycle repairs and other repair services; Domestic care; Electricity; Imported works of art; Art supplied by creator
0%ZeroHuman and animal food; Supplements; Live animals, seeds and plants for foodstuffs; Prescribed medicines; Passenger transport

EXEMPTIONS

  • Supply of water by a public authority
  • Supply of buildings and building land
  • Heath and welfare services
  • Financial and insurance services
  • Letting of immovable property (subject to exceptions of hotel accommodation, guest houses and letting to a VAT registered person)

THRESHOLDS

Registration Threshold : EUR 35.000 mainly goods & services; low value, EUR 24.000 per annum; other economic activities, EUR 20.000 per annum
(below threshold registration can be on a voluntary basis)
Distance Selling Threshold : EUR 35.000
Intrastat Dispatches : EUR 700
Intrastat Arrivals : EUR 700
Intra-Community Acquisition Threshold : EUR 10.000
VAT Free Shopping for Tourists : EUR 100

PENALTIES

Late returns and payments : Subject to administrative penalties, 1% of VAT payable and EUR 20 for every month from due date. Additional interest of 0.54% per month

Other :
– Penalties may apply in cases of tax fraud, evasion, etc.

DEADLINES

Assessment Period : 6 years
Standard Tax Period : Quarterly or monthly on request

Small business – yearly
Repayment type (trader) – annual following tax period month/quarter, paper returns – 15th day following reporting period, electronic returns – 22nd day following reporting period
EC Sales Lists – monthly, submitted by 25th day following reporting period
Intrastat – 10th working day (both paper and electronic formats)