Indirect Tax Services
We understand the challenge of processing each transaction using the right indirect tax treatment and capturing the data required by the tax authorities.
We provide a range of indirect tax services including vat compliance, vat planning and advice to identify potential problem areas to indirect tax planning. We also advise on duty on documents and transfers issues as well as issues related to customs, excise and international trade.
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Incorrect vat treatment can result in penalties and damaged reputation. It is a challenge to retain consistently excellent standards of compliance when VAT law is constantly changing. At ACT we help our clients meet this challenge by providing them with services such as:
(a) Assistance with VAT registration;
(b) Preparation and submission of VAT returns, recapitulative statements, and Intrastat forms;
(c) Preparation and submission of other VAT forms such as refund applications;
(d) Computations of input vat in terms of Malta’s partial attribution rules;
(e) Advice and assistance with adjusting VAT returns;
(f) Advice and assistance in filing objections and appeals;
(g) Support in the course of tax audits or other investigations by tax authorities.
Maltese companies are subject to tax at the rate of 35% on their worldwide income and capital gains. Malta grants various fiscal incentives to both companies and their shareholders upon the distribution of a dividend.
Malta has recently seen an increase in the number of Electronic Money Institutions (EMIs) looking to set up their operations in Malta. This has been largely due to the growth in the e-commerce and the i-gaming industries.