5th schedule Exempt with credit No output VAT Can claim input VAT Exports ICS Exempt without

credit No output VAT Cannot claim input VAT Transfer of IP Letting of IP Except: Licenced under Malta Travel Tourism Act 18% Parking areas 18% Permanently installed equipment and hiring of safes 18% By a company to Art 10 registered person for the purpose of economic activity 18% Not more than 30 days, by a taxable person in the course of an economic activity 18%, Except(i.e. exempt without credit): o Space for artistic and cultural activities o No need to be licenced under MTTA o Garage, stores Insurance Banking and similar services Lotteries Health and welfare Education Postal services Broadcasting Water

International transport and ancillary services Sea vessels, aircraft and supply of goods related thereto Food under HS codes Pharmaceutical goods under HS codes Certain transport services Brokers and other intermediaries

Exempt ICA Subsequent supply Exempt supply Goods intended to be placed under a customs duty suspension regime Food Investment gold

Exempt importations Exempt supply Goods exempt from customs duty Catches of fish Re-importation of goods who exported them Food Investment gold

Registration 10 All taxable persons established in Malta Except: Persons registered under Art 11 Exempt without credit 11 Small undertakings, not exceeding the entry thresholds Cannot be registered under Art 11 if: - Registered under Art 10 for less than 3 years - exceed the exit thresholds 12 Taxable persons under Art 10/11 Nontaxable legal persons (e.g. public authoritie s/ pure holding company) making ICA exceedin g Eur 10,000 threshold SHALL register Exemption Not exceeding Eur 7,000 - no regist ration under Art 11 - can regist er under Art 10

Shall apply if: - Taxable persons established in Malta (not under Art 10/11) providing service within MS, tax paid by recipient - Taxable person not established in Malta, in terms of Art 20 is liable to pay tax May apply if: Any taxable person, not under Art 10 - carrying an economic activity. Only if entitled to input tax credit making an

MAY register if not exceeded; SHALL register if not registered under Art 10 & receive services liable to tax under Art 20(2)

ICA for the purpose of operations carried outside Malta. Quarterly filing of VAT returns

No output VAT charged; not input VAT claimed No quarterly filing of VAT returns; only an annual declaration

Not required to submit VAT returns, but periodical returns of ICAs VAT paid to VAT department, accompanied by a prescribed form.

No fiscal receipt required

Subject to a reduced rate (8th schedule ) hotel accommodation 7% 5% o o o o o o o o o Electricity Confectionery Admission to museums, concerts, theatres and art exhibitions Printed matter
Items for the exclusive use of the disabled Medical accessories Items for the exclusive use of the disabled Minor repairing Minor repairing