VAT in Malta: Detailed Study of the Mechanism of Tax Calculation
This article presents in detail the mechanism for calculating and collection of value-added tax (VAT) in Malta. This island state has a prospective tax system and also has a smart tax policy. The conditions offered by the value-added tax are promising in order to choose this jurisdiction as the place of business. The state provides an opportunity to return all or part of the taxes paid. The article discusses the value-added tax rate, benefits, tax deductions, mechanism for filling in the declaration and the deadlines for submitting them to the tax authorities of the state. The material for the article was formed based on international data, the Malta legislation in the field of taxation and was translated from the original language into Russian.