Self-Employed

CLOSING A BUSINESS: SELF-EMPLOYED
When a self-employed decides to close down the business a number of entities that he/she registered with when he/she first registered as a self-employed will need to be notified and certain deregistrations need to be effected.

Jobsplus Termination
A Self-employed person, on ceasing to be self-employed, needs to log in to the Jobsplus Portal and fill in the termination form.

VAT Deregistration
A sole trader has to deregister from VAT by using this form: VAT Deregistration (E-ID has to be activated).
In order for the application for de-registration to be processed a registered person is required to settle all pending matters with the Department.
It is pertinent to point out that if the registered persons are classified as non-exempt individuals they shall be deemed to have, immediately before the cancellation of their registration, supplied all the remaining business assets that belonged to their business. In this regard they must account for the VAT due thereon in the last VAT return.

These guidelines will assist users in:

• PE Registration
• PE De-Activation
• PE Re-Activation
• VAT Change in Register Type
• VAT Change, Add, Remove Economic Activity

Deactivation of a PE number
If a Sole Trader decides to close the business and has a PE number that is still active, s/he would need to deactivate it. One has to fill in this e-form.

RELOCATING IN ANOTHER COUNTRY AFTER CLOSING A BUSINESS

Social Security Deregistration
Self-employed closing their business and relocating in another country will need to deregister from the Social Security by contacting the Social Security Department.

Tax Account Closure
Kindly contact the Commissioner for Revenue.

Residency Card
Kindly contact Identity Malta – Expatriates Unit.