Supplies Of Goods Received By Maltese Businesses From EU Businesses (Malta)

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Commentary

30 Malta

General (Malta)

Maltese businesses that are not VAT registered but receive supplies of goods from EU suppliers may be required to register for VAT if the value of the goods received exceeds the intra-EU acquisitions threshold (see 30.1).

Whilst unregistered, the business should be charged VAT by its EU suppliers. Once the Maltese business is registered for VAT, the EU suppliers should stop charging VAT and the Maltese business should account for Maltese VAT on the value of the goods received. This VAT, known as 'acquisition VAT', is recoverable by the business

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