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Today’s Top Headlines

Malta To Speed Up VAT Airport Refunds

by Jason Gorringe,, London

03 February 2017

Malta's Ministry for Finance has made obtaining VAT refunds on items bought in Malta easier for international travelers, following the signing of an agreement with tax-free shopping operator Fintrax Group.

Under the agreement, Fintrax Group will set up an office under the brand "Premier Tax Free" at Malta International Airport. According to the Maltese Government, the processing of VAT refunds involves a great deal of bureaucracy with refunds taking over six months to process.

Premier Tax Free will vet applications for and issue VAT refunds and market the scheme to non-residents and local retail outlets.

Minister for Finance Edward Scicluna said: "Thanks to this agreement, the Government will be seeking to attract more business to our retail outlets and continue in its drive to eliminate bureaucracy."

TAGS: Finance | tax | business | Malta | retail | VAT refunds | Tax

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