The Office of the Commissioner for Revenue (“CfR”) is sending notifications to VAT registered taxable persons to submit all missing monthly intrastat declarations within three (3) months of receipt of such notice. According to NSO and the CfR, it appears that a substantial number of VAT registered taxable persons are not fully compliant with the requirements set out under Subsidiary Legislation 406.08 – Value Added Tax (Collection of Supplementary Information) Regulations.
Any failure to fully comply with this requirement may lead to criminal prosecution in terms of Article 76(d) of the Malta VAT Act (Chapter 406 of the Laws of Malta). On conviction of a criminal offence pursuant to such prosecution, subject persons shall be liable to a fine (multa) of not less than €750 and not more than €3,500.
More information can be found in the Intrastat Notice.
Matthew Zampa
Founding Partner
