VAT and Taxation Services
At Ennesse, we understand that navigating the complexities of VAT and taxation can be challenging for businesses in Malta. These areas demand up-to-date knowledge, precision, and a proactive approach to avoid costly mistakes and ensure smooth financial operations.
Our experienced team offers tailored support to help you stay compliant with regulations while improving your financial efficiency. We take the time to understand your unique needs and customise our services accordingly—so you can concentrate on what matters most: growing your business.
Our Expertise
With years of experience in the financial sector, our team brings a deep understanding of the ever-evolving landscape of VAT and taxation. We stay up to date with the latest laws and regulations to provide you with accurate, practical, and dependable guidance. We stay up-to-date with the latest laws and regulations to provide you with accurate and reliable advice.
VAT Services
VAT compliance is essential for avoiding penalties and optimizing cash flow. Our VAT experts are here to help you navigate this complex area with ease. Our services include:
VAT Registration
VAT Returns
VAT Advisory
VAT Audits
Submitting VAT
Value Added Tax commonly referred to as VAT, is the indirect tax which is due on the consumption of products or services by the end customers or between one business and another.
The computation of output less input VAT in any business will give rise to the VAT obligation. VAT returns are received monthly, quarterly or yearly depending on the client’s business and they are due to be filed with the VAT Department in Malta within one and a half months from the date of the period closure.
We handle submissions of VAT Returns in online format on behalf of our clients after having finalised the bookkeeping of transactions for the particular period.
We ensure that all input VAT and output VAT have been correctly accounted for and that all reports issued for any VAT period, refer to documentation stored in our filing system, which is referenced and therefore easily traceable in case of any investigation. We cater both for VAT Exempt clients as well as those who opt into the Vatable System.
Tax Planning
Effective tax management is key to your business's financial health. Our taxation services are designed to minimize your tax liabilities and ensure compliance with tax laws. We provide:
Corporate Tax
Personal Tax
International Tax
Tax Dispute Resolution
We also provide tax services by computing the amount of tax that needs to be paid after completing both personal and company tax returns. Throughout the year, Provisional Tax is required to be paid in Malta, and we ensure that this is paid in good time too by notifying our clients each time.
Apart from the computation of tax after a year-end, we are also engaged to help in terms of tax planning so that one can avail of various tax credits and schemes available as and when they are issued by Malta Enterprise or the Department of Inland Revenue.
National insurance contributions are also paid for directors or self-employed individuals every 4 months in April, August and December coinciding with the payment of Provisional Taxes and we also ensure that our clients are informed of their precise obligations here too.
There are three categories of personal tax in Malta these being single rates of tax, Parent rates of tax or married rates of tax and two categories of NI Contributions being NI due as employed or as self-employed/self-occupied positions.
Taxation on company profits on the other hand is taxed at a straight 35% unless such income is subject to FWT at 15%. Rental income in Malta can be declared under the 15% FWT rate of tax.
