The VAT system is built on self-assessment, requiring businesses to calculate, report, and pay the necessary VAT to the tax authorities.
VAT advisory
Not meeting VAT obligations can lead to serious issues for businesses, such as time-consuming VAT assessments and potential financial losses. Interest and penalties can quickly add up if tax authorities find VAT is payable. Non-compliance might also disrupt supply chains, impacting your operations and relationships with customers and suppliers.
Why choose PwC Malta for VAT advisory?
With our broad experience, specialised expertise, and access to a network of information across various territories, we are uniquely positioned to assist both local and international businesses with your VAT advisory.
Our goal is to minimise the risk of any potential VAT issues, while keeping you updated with the ever-evolving VAT landscape which includes new amendments to the EU Directive or local VAT legislation and recent decisions by the Court of Justice of the European Union (CJEU) impacting your business.
Our experience across multiple industries and our specialised personnel enable us to address all facets of queries that may arise due to the changing VAT landscape.
Industry Expertise
Our team advises on all areas of indirect taxation (VAT, customs, and excise) in a national and international context.
We have specialists with industry-specific expertise in the following areas/markets and industries:
Financial services
Real estate
Automotive
Healthcare industry
Retail and consumer goods
Tourism
Startups and fintechs
Logistics
Aviation
Public sector
Medium-sized businesses
Family-owned businesses
Some of our services include:
- VAT advice on restructuring or changes in the supply chain
- Liaison with local tax authorities
- Identifying potential VAT savings
- VAT due diligence/healthchecks
- Support during tax audits
- Digitalisation advice
- Roadmap for ViDA
- Tailored training
VAT advice on restructuring or changes in the supply chain
Navigating VAT implications during supply chain restructuring or changes can be complex and challenging. We offer comprehensive VAT advisory services to help businesses manage these transitions smoothly and efficiently.
Liaison with local tax authorities
We may assist with verbal and written communications with local tax authorities when certain VAT interpretations are doubtful.
Identifying potential VAT savings
We evaluate whether your business is recovering the right amount of VAT.
VAT due diligence/healthchecks
We perform thorough reviews of your current business operations or any potential acquisitions to evaluate and mitigate any VAT exposures.
Support during tax audits
We accompany and provide support during tax audits, special VAT audits, and VAT inspections, ensuring that your business is well-prepared and compliant.
Digitalisation advice
We offer guidance on the digitalisation of the VAT function and review the tax codes for your preferred ERP system, helping you streamline and modernise your VAT processes.
Roadmap for ViDA
We assist with your company’s journey with the preparation for the adoption of ViDA.
Tailored training
Our VAT team delivers specialist VAT training tailored to focus on industry-specific supplies provided and received by your business.
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