New Reduced Vat Rate of 12%
On the 6th of October 2023, a new reduced VAT rate was introduced, through an amendment to the Eighth Schedule to the VAT Act. The…
Mandatory Online Filing of VAT returns through CFR VAT e-Services
The Office of the Commissioner for Revenue would like to bring to the attention of all persons registered for VAT under Article 10* that they are obliged…
Increase In Interest Rate On Unpaid Income Tax And Vat
By virtue of Legal Notice 228 of 2022, interest on unpaid income tax has increased to 0.6% per month. The new rate applies as of…
Malta VAT treatment of Directors’ fees
Change to local Interpretation concerning the ‘supply’ of directors Summary In terms of article 5 of the VAT Act, the activities of an ’employee’ which,…
Concept Of Permanent Establishment In Malta
REQUIREMENTS VAT CIT Regulation Definition according internal regulation Any fixed place of business where companies and individuals carry out economic activities. Any fixed place of…
VAT in Malta
Value-added tax (VAT) applies to most transactions. The standard rate is 18 per cent with reduced rates for some products and services. Most financial services…
Guidelines for the VAT treatment of Electronically Supplied Services
Who should read these Guidelines? This document is intended to provide guidance on the definition of Electronically Supplied Services. Any taxable person providing electronically supplied…
Yacht registration in Malta
Yacht registration in Malta The Yachting Industry in Malta has two key facets, namely pleasure yachts and commercial yachts, the latter used as part of…
Aviation industry in Malta
Aviation industry in Malta With the enactment of the Aircraft Registration Act, intended to firmly put Malta on the map of international aviation registers, Malta…