Value added tax is the tax that is charged progressively according to the increase in product value. It is important to note that all entities in Malta, partnerships included and natural persons are obliged to register with the VAT office in order to comply with the Maltese VAT legislation of 1998.
Ever since it’s incorporation in the European Union, Malta has grown to be one of the most attractive business destinations in Europe. Due to Malta’s lack of raw material, imports are more prevalent than exports. However, this does not stop Malta from flourishing, the country wisely leverages its tourism industry and it is currently one of its economic backbones.
Double taxation refers to the fact that two countries collect simultaneously taxes on the same company. This situation often arises when companies have subsidiaries or branches in various countries.
