Malta Implements 12% Reduced VAT Rate for Selected Services

• Malta has introduced a new reduced VAT rate of 12%
• The new rate applies from 6 October 2023
• The change was gazetted on 6 October 2023
• The new rate applies to certain credit and credit guarantee management services
• The new rate also applies to certain health care services
• The hiring of pleasure boats is subject to the new reduced VAT rate
• Securities custody services are also subject to the new rate

Source: fiscalsolutions.co.uk

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.

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