What about VAT reporting? What currency will be used?
The VAT department will be revising VAT reporting periods to ensure a cut-off date coinciding with December 31, 2007. Hence all VAT registered traders and organisations shall receive a VAT return in December 2007, covering the period up to and ending December 31, 2007. The return will be duly filled in Maltese lira and will need to be submitted to the VAT Department by February 15, 2008. Any amounts payable or refundable will be paid in euro.