Companies in Malta must meet all the requirements as stipulated by the Commercial Code, in order to legally operate on the market. The main step for a proper function of the business is to
register for tax purposes, including
VAT, with the
Department of Inland Revenue in Malta. It is good to know that this mandatory rule is available for
both companies with activities in Malta, whether relocated in the country or not. Our
company formation specialists in Malta are at your disposal with complete support and information about how to
register a company in Malta and the related conditions, including details about the
tax registration.
How to register the company for tax purposes in Malta
Each
business that involves hiring employees should obtain the
PE number in Malta which is issued by the
Department of Inland Revenue and represents the legal way to retain and pay the taxes linked to the national insurance of staff. The
taxes paid by
companies in Malta are in accordance with the
final settlement tax reporting procedures under the Social Security Act of 1987. The
national insurance contributions are important in each kind of company, therefore complying with the rules and regulations at the beginning of
company incorporation in Malta will lead to a fast start in the chosen business field in the country.
Register for VAT in Malta
The
VAT in Malta which at the moment is set at a 18% rate (7% in the tourism sector, 5% for certain foods, medical services, electricity) is imposed for each company that registers economic activities in the country, sole proprietorships included under certain conditions. Businesses dealing with the supply of goods and/or services must respect the requirements related to the
VAT registration. The
VAT Department in Malta, through the local offices, receives the company’s documents, whether enterprises or sole proprietorships and the ID copies of the representative of the business. The PE number is also required when
registering for VAT in Malta. We mention that for
opening a company in Malta, comprehensive information and guidance can be provided by our team of advisors.
Please
contact our
company formation representatives in Malta if you have any questions about how the
VAT registration is done or about how you can
start a business in Malta.