Malta VAT amnesty granted

TMF Group reviews a new amnesty on Malta VAT
28 November 2011

As part of the recent 2012 Maltese Budget, details were provided for a amnesty of prior VAT payments and associated penalties.

This amnesty requires the full declaration of any outstanding Maltese VAT in the next return.  If agreed to, the local tax office will propose a reduced penalty schedule.

Maltese VAT is current 18 %

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