The Notice of Payment and Declaration

Applicable for Persons Registered under Article 12 VAT Department Malta

June 2012

• A person registered under article 12 and who, • Receives services from outside the European Union (EU) on which he is liable to pay VAT in Malta, or • Receives services from another member state of the EU on which he is liable to pay VAT in Malta, or • Makes an intra-community acquisition of goods from another EU member state, is required to submit to the VAT Department: • A Notice of Payment (Form 04/2010) for each consignment or supply of services received; and • A Periodical declaration (Form 05/2010) that would include a summary of all consignments and services received during that period.

• The Notice of Payment (Form 04/2010) shall be submitted together with the payment of VAT due by not later than the fifteenth day of the second month next following either the date of invoice or of the month during which the consignment or the supply of services is received, as the case may be, whichever is the earlier.

• A person who fails to submit this notice will incur penalties and interest

The Notice is divided into three sections

Details of the invoice and value of services received and amount of VAT due to be paid in Malta Details of the invoice and value of intra-community acquisition of goods and VAT due to be paid in Malta Declaration to be completed by the registered person

• The Declaration or periodical statement (Form 05/2010) shall be submitted for the period shown in the return and sent to the VAT Department by not later than the due date indicated on the return. It includes a summary of transactions reported under notice form 04/2010 • A person who fails to submit this declaration will incur administrative penalties

The Declaration is divided into four sections Boxes 1 & 4: Total value of services received from outside the EU on which VAT is payable in Malta and the total VAT due Boxes 2 & 5: Total value of services received from another EU member state on which VAT is payable in Malta and the total VAT due Boxes 3 & 6: Total value of intra-community acquisition of goods and VAT due to be paid in Malta Declaration to be completed by the registered person