Tag - Malta

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Malta – large tax increase in the last decade

According to a new study (Taxation Trends in the EU) by the European Commission, Malta has seen a big increase in the tax burden over the last decade, almost twice the EU avarage (2.1% against 1.2% in the EU) although the tax burden in the EU is still much higher than the one in Malta.

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Malta - Tax Haven Claims Refuted

Malta operates a tax system where companies pay the lowest tax on profits in the EU. While local businesses must pay 35% on profits, international corporations profit from a corporation tax rate of as little as 5%, thanks to a complex system where shareholders can receive a tax refund of up to six-sevenths of their tax paid in Malta. The average rate in the EU is around 22%.

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Malta - VAT refunds at the airport to be processed more quickly

International travellers will now find it easier to receive a VAT refund for items bought in Malta as an agreement has been signed with Fintrax Group, the tax-free shopping operator...

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Malta - Will push for EU VAT reform

When Malta assumes the Presidency of the EU Council in January 2017, the Minister of Finance, Edward Scicluna, has said it will take forward the EU’s proposals on VAT reform...

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Malta - Country's VAT exemptions hang in the balance

Malta could soon have to defend again a crucial concession it won prior to joining the EU in 2004 as Brussels mulls the possibility of doing away with zero rate VAT exemptions...

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Malta - Car registration VAT refund scheme extended

The scheme to apply for a refund of the value added tax on the registration tax paid on cars registered for between 1st May and 31st December 2004 has been extended to 14th August...

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Malta - Further extends FATCA reporting deadline

The Inland Revenue Department (IRD) has announced a further extension to the deadline for Maltese financial institutions (FIs) to comply with the reporting requirements under the US Foreign Account Tax Compliance Act (FATCA)...

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Malta - More refunds of VAT paid on cars

Transport Malta said today (22nd June 2015) that over the coming months it will be refunding VAT paid on vehicles between 1st May and 31st December 2004...

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Malta - Taxpayers reminded to register for VAT

Malta's VAT Department has reminded all taxpayers making taxable supplies that they are required to register for value-added tax by no later than 30th June...

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Malta –- VAT registration requirement changes

VAT registration in Malta is now compulsory for any person carrying out economic activity regardless of their yearly turnover unless their income is generated from exempt without credit supplies...

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