VAT in Malta – Part 4: Intra-Community Acquisitions and Importations

The terms ‘intra-Community acquisition’ and ‘importation’, both apply in the context of goods. So, what makes these different from one another? Each definition has its own characteristics which once assessed, the difference between the two becomes quite visible.

In our Article Series 3, we discussed the term intra-Community supply (‘ICS’) of goods. Now, an ICS of goods in one EU Member State always leads to an intra-Community acquisition (‘ICA’) of goods in another EU Member State. So, how does it work?

An importation of goods irrespective of whether a consideration is paid, can be made by any person, being a taxable or non-taxable person. What does this mean?

Where does an ICA of goods or an importation of goods take place for VAT purposes?

Where do we record an ICA of goods or an importation of goods taking place in Malta?

Source: Zampa Debattista

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