- Malta has introduced a new reduced VAT rate of 12%
- The new rate will co-exist with other reduced VAT rates in the country
- The new rate will apply in niche scenarios such as custody and management of securities, management of credit and credit guarantees, hiring of specific boats, and specific services relating to healthcare
- The new rate will be effective from 1 January 2024
Source: kofax.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.
