Malta

Europe ⋅ Fully Adopted and Final Rules

new account self-certification collection start on

1 January 2026

first reportable year

2026

FIRST filing DEADLINE

Not yet specified

REGISTRATION DEADLINE

31 December 2026

Due Diligence Standards

Self-Cert Collection - New Accounts

Must be obtained upon establishing the relationship

Self-Cert Collection - Pre-existing Accounts

Must be collected by 1 January 2027

Record Retention Period

5 years

Local Information Collection and Reporting Reqiurements

Subject to reasonableness standard (cross-check with AML/KYC) and TIN format verification.

Penalty Framework

Failure to register: Administrative penalty of €500
Failure to retain records: Administrative penalty of €2,500
Failure to report in time: Administrative penalty of €2,500 plus €100 for every day the default subsists (up to a maximum of €20,000)
Incomplete or inaccurate reporting: For minor errors, €200 plus €50/day (max €5,000). For significant non-compliance, up to a maximum of €50,000
Failure to apply due diligence: Administrative penalty of €5,000
Submitting false or misleading information: Every senior managing official of the provider shall be liable to a penalty of not less than €10,000 and not more than €30,000

Effortless CARF Compliance

Service providers who are likely in scope of the CARF reporting requirements are invited to get in touch with Taxbit for further information.

Our team of compliance experts can help walk through your jurisdiction-specific reporting requirements and best practices for operational readiness.

Jurisdiction Selector

See how CARF implementation varies across jurisdictions

Malta