Pursuant to the adoption of the VAT Rates Directive (Council Directive (EU) 2022/542 of 5 April 2022), Malta adopted Legal Notice 231 of 2023 which amends the Eighth Schedule to the VAT Act (Chapter 406, Laws of Malta) resulting, with effect from 1st January 2024, in the application of a 12% VAT rate on several services, including the hiring of a pleasure boat to a person according to an agreement for any term or part of a term that, when added to the term of a previous hiring, of the same goods or of other goods of the same kind, to the said person during the previous twelve (12) months ending on the date of the beginning of the existing hiring, does not exceed five (5) weeks
Source
Click on the logo to visit the website
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "Malta"
- Malta Launches Online VAT Registration Status Change Process
- Malta VAT Registrations & De-Registrations: MTCA Publishes Comprehensive FAQ Guidance
- Malta Fiscalization System and Registration Process Overview
- PN says catering sector backs proposed 7% VAT cut
- Official Methods for Issuing Fiscal Receipts in Malta: Cash Registers, POS Systems, or Receipt Books
