Malta’s Commissioner for Revenue has published guidelines on the application of the 12% VAT rate on the care of the human body and the supply of management of credit and credit guarantees. The guidelines explain that certain health services are exempt from VAT if they qualify as medical care, and if not, the 12% rate applies to services required to be delivered by a regulated health care professional. The standard VAT rate of 18% applies if the services qualify for exemption or the 12% rate. For the supply of management of credit and credit guarantees, the guidelines clarify that the management by the person granting the credit is exempt, while management by a taxable person other than the person granting the credit is taxable at a reduced rate of 12%.
Source Orbitax
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