- Maltese government introduces new reduced VAT rate of 12%
- Applicable from 1st January 2024
- Applies to custody and management of securities, management of credit and credit guarantees, hiring of pleasure boats, and certain healthcare services
- Excludes exempt supplies referred to in item 11 of Part Two of the Fifth Schedule.
Source: meridianglobalservices.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
