BCMS Limited
243/1 Constitution Street
Mosta, MST 9052

T: +356 2142-1111
M: +356 9947-5566
F: +356 2141-7118
E: rkg@bcmsltd.com

Does the 30th June Deadline to register for VAT in Malta apply to you?

VATSome taxable persons established in Malta but having a turnover of less than €7,000 per annum were required to deregister from VAT a few years ago.

New rules announced last year now require all such persons to re-register for VAT by 30th June 2015. Such taxable persons must be established in Malta and be providing exempt with credit supplies or taxable supplies of either goods or services.  All such persons are now required to be VAT Registered.

This legal requirement could still impact you if you engage persons above mentioned who fail to comply since in such cases you will be seen as not having a valid fiscal receipt which could render an expense as not tax deductible for your business.

If you require any help in this regard we can help you re register for VAT and regularize your matters.