Unless the economic activity qualifies for an exemption there is usually a requirement to register for a VAT number in Malta. The Malta VAT Act provides for three types of VAT registration in Malta.
Article 10 of the Malta VAT Act if you are supplying goods or services and your annual turnover is in excess of the exempt threshold. The business would charge VAT on your taxable supplies and the business would have a right to claim back VAT on qualifying business expenditure. Individuals or businesses registered under Article 10 would receive a VAT number from the Malta VAT Department with a prefix MT. The individual or business would have to issue a tax invoice or fiscal receipts for supplies made. The VAT department on acceptance of VAT registration would then require the individual or business to submit a VAT return every three months within 6 weeks of the accounting period closing.
Article 11 of the Malta VAT Act if you are supplying goods or services and your annual turnover is not in excess of the relevant thresholds. The individual or business may register as exempt on the basis is it a small operation and would not charge VAT on its supplies but would also not be able to claim VAT back on qualifying business expenditure. Individuals or businesses registered under Article 11 would receive from the VAT Department a VAT number without the MT prefix, would have to issue tax invoices or fiscal receipts on all supplies and submit to the VAT Department on an annual basis a VAT Declaration.
Article 12 of the Malta VAT Act if you a non-taxable person or a taxable person who is not registered under Article 10 and the individual or business makes intra-community acquisition of goods in Malta with a value over €10,000 in a calendar year. The individual or business is then required to register for VAT with the VAT Department and pay VAT in Malta on each intra community acquisition. The VAT Department will issue a valid VAT number and a declaration is made on an ongoing basis.