- Malta to introduce new reduced VAT rate of 12% from 1 January 2024
- Existing reduced VAT rates of 7% and 5% will remain
- Standard VAT rate of 18% will remain unchanged
- 12% rate will apply to hiring of pleasure boats, certain health care services, securities custody services, and certain credit and credit guarantee management services
- Malta now has the freedom to introduce a wider range of reduced VAT rates following the adoption of reduced VAT rate freedoms in 2022
Source: vatcalc.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.
