Understanding HSN Codes in Malta : A Comprehensive Guide

Introduction

The Harmonized System Nomenclature (HSN) Codes, established by the World Customs Organization (WCO), categorize goods systematically in international trade. Malta, as an EU member, implements these codes under the EU’s Combined Nomenclature (CN), facilitating standardized goods classification across borders.

Malta utilizes HSN Codes within the framework of the EU's Combined Nomenclature, ensuring harmonized goods classification across the EU single market and with external trading partners.

Malta adheres to the guidelines of the World Customs Organization, aligning its customs and trade practices with international standards to facilitate global commerce.

Malta employs an 8-digit code system under the EU's CN, providing detailed classification for customs, taxation, and statistical reporting purposes.

Malta's HS Code classification follows the hierarchical structure of the EU's Combined Nomenclature, from sections and chapters to detailed headings and subheadings.

For pharmaceutical products like antibiotics, a significant import category in Malta, the CN code could be 2941.10.00:

Chapter (29): Organic chemicals.

Heading (41): Antibiotics.

CN Supplementary Subheading (10.00): Penicillins and their derivatives with a penicillanic acid structure; salts thereof.

HSN Codes are crucial for Malta's customs authorities to determine tariffs, facilitate trade documentation, and ensure compliance with EU and international trade laws. They also aid in statistical analysis and application of taxes like VAT.

Detailed trade data categorized by HSN Codes is essential for businesses in Malta for conducting market research, competitive analysis, and strategic planning.

Volza provides a comprehensive HSN code list for Malta, including import/export data, VAT rates, and trade insights, serving as a valuable resource for traders and businesses operating within or with Malta.