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Report Published On Role Of Malta's Tax Collection Agencies

by Jason Gorringe, Tax-News.com, London

20 December 2017


A new report has been issued following an audit into how taxes in Malta are administered.

The report outlines the various measures being implemented to support the merging of the territory's tax agencies: the Inland Revenue Department, the Value Added Tax Department, and the Department of Customs. These measures include the launch of a consolidated Commissioner for Revenue website, a one stop shop for taxpayers, a joint enforcement unit, a consolidated debt collection agency, and a unified call center.

The report from Malta's Auditor General, Charles Deguara, published on the National Audit Office's website, looks at enforcement efforts and revenue collection trends for the period 2012-16.

It looks at the current policies adopted by the different agencies. It found that the most common enforcement tool used by the island's Inland Revenue Department was remission of interest agreements in relation to arrears of company tax and tax due from individuals, which contributed revenues of about EUR4m (USD5.35m) by the end of May 2017. The VAT Department also used remission agreements, generating EUR3m.

In terms of revenue collection, the analysis shows there was a EUR329.5m increase in income tax collected over the period. There were marked spikes in revenue collection for three tax heads: capital gains tax, which was up by 25 percent in 2014; provisional tax, which was up 21 percent in 2015; and duty on documents and transfers, which rose by 29 percent in 2015.

The Department of Customs has seen a EUR124.1m increase in income, with marked increases in cross-border tax collections reported in 2014 and 2016.

TAGS: individuals | compliance | tax | value added tax (VAT) | tax compliance | Malta | interest | international financial centres (IFC) | corporation tax | enforcement | tax authority | agreements | Tax

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