- 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.
Latest Posts in "Malta"
- Malta’s Phased B2B E-Invoicing Strategy Ahead of EU ViDA Mandate
- Malta Set to Launch Mandatory E-Invoicing and Real-Time VAT Reporting in Digital Tax Reform
- Malta’s 2025 ViDA Roadmap: Peppol e-Invoicing, Digital Reporting, and VAT Compliance Transformation
- When VAT Exemption Fails: Key Triggers for Tax on Aircraft Leasing and International Transport
- Malta Accelerates E-Invoicing and Real-Time VAT Reporting to Tackle High VAT Gap
