SOME POSITIVE NEWS REGARDING VAT REFUNDS
IN MALTA
June 2001
Since last November the PCP worked closely with
Ernst & Young (Malta) at bringing to the attention of the
government certain loopholes in the VAT system which were
causing delays in the refund process. In some cases there was beginning
to exist an outright refusal for the refund of certain items of expenditure. In
2000 three producers had not yet received their refunds after well
over a year.
This issue was taken up by The Hon. Dr. George Hyzler
who is the parliamentary secretary for the Ministry of Economic Services
and also responsible for the film industry. Dr Hylzer is making
several attempts to further develop the local film servicing industry
and to make Malta a more film-friendly and cost-effective location
for producers.
Following his intervention, Dr Hyzler's office has
confirmed the following new additions to the refund system:
- Refund of VAT incurred
on accommodation (bed and breakfast, half board or full
board) in respect of all those persons, foreign or otherwise,
directly engaged in the production of a film;
- Input VAT on restaurant bills could be
claimed back, even if it falls outside the accommodation
package, in respect of all those persons, foreign or otherwise,
directly engaged in the production of a film
- Input VAT incurred on fuel could be claimed
back when consumed on vehicles, commercial or otherwise,
used directly in connection with the production of a film.
- Payment of VAT on imported material used for
the development of film projects and left in Malta after
the conclusion of the production would be deferred. Thus
no VAT would be paid at the point of entry
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READ MORE UPDATED NEWS ABOUT THE VAT ISSUE IN THE SPEECH TITLED:
"REALITIES ON THE GROUND AND OPPORTUNITIES FOR
MALTA" GIVEN BY MALCOLM SCERRI-FERRANTE ON NOVEMBER 7th, 2003
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