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VAT number now also required for businesses with turnover below €7,000

VAT number now also required for businesses with turnover below €7,000

Businesses whose taxable or exempt with credit supplies did not exceed an annual turnover of €7,000 prior to 31st December 2014 were not required to register for VAT or were de-registered by the Commissioner. This exemption has now been revoked with effect from the 1st January 2015 implementing one of the 2015 Budget measures of the Government of Malta.  By the 30th June 2015 all businesses that provide such goods or services of whatever turnover value must be registered for Value Added Tax (VAT).

An application form or a request for reactivation for VAT number form, as the case may be, is to be submitted to the VAT Department without delay.

Link to the required VAT forms

 Need help? Contact us on: (+356) 21430100  For more information about how we can help you, feel free to use this blog or contact us.

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