How much is import duty in Malta?

Things To Know When Shipping To Malta The import tax charged on a shipment will be 18% on the full value of your items.

How is customs duty calculated in Malta?

Customs duty is calculated as a percentage of the customs value of the goods: The percentage or rate varies depending on the type of goods. The customs value is made up of the price paid for the goods, the insurance cost and the shipping cost.

Do I have to pay import tax from China?

When importing from China, importers must pay VAT on top of the total sum of the Customs Value and the Import Duty. You’ll usually receive a C79 certificate from HMRC to prove you’ve paid import VAT.

What is the import tax from China?

From April 1, 2019, China’s import VAT on imported goods has been lowered to either 9 percent or 13 percent, down from the previous 10 percent or 16 percent, according to the Announcement of the State Taxation Administration (STA) on Deepening the Reform of VAT (STA Announcement [2019] No. 39).

Do you need import license to import from Malta?

According to the Importation Control Regulations (L.N. 242/04), the import of certain products in Malta requires an authorization or import license issued by the Trade Services Directorate. The products requiring an import license are divided in schedule lists.

Who are the main export partners of Malta?

Malta’s main export partners are China and Singapore that import about 8% of Malta’s total exported products, Germany, France, Italy and the United States that import from Malta between 4 and 5% of their products and, in smaller percentage, Malta exports to Turkey, the United Kingdom and the Netherlands.

How is the import VAT calculated in Malta?

The import VAT is calculated as a percentage (VAT rate) of the taxable amount. The VAT rate is the one applicable in the country (i.e. Malta) where the goods are being delivered. The taxable amount is made up of the customs value + the duty paid and the transportation and insurance costs up to the first place of destination within the EU.

What kind of goods do they import from Malta?

Passenger boats and cargo ships are the second most imported products in Malta and they occupy 24% of the country’s imported goods. Malta also imports integrated circuits and chemical products that represent almost 6% each.