- The Commissioner for Revenue in Malta has published guidelines on the application of the 12% VAT rate for the supply of management of securities.
- The guidelines clarify that the reduced VAT rate of 12% applies to services consisting of the management of securities, specifically securities portfolio management services.
- The guidelines also highlight that services consisting of the reception, execution, and transmission of orders to buy and sell securities, when charged on a transaction-by-transaction basis, are exempt from VAT. However, if these services are part of a package that includes securities management, they are considered a single composite supply subject to the 12% VAT rate.
Source Orbitax
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "Malta"
- EU Issues Formal Notices to Belgium, France, Malta Over VAT IT System Compliance
- EU Opens Infringement Procedures Against Belgium, France, Malta Over Small Enterprise Scheme
- Commission calls on BELGIUM, FRANCE, and MALTA to fully implement the new EU VAT rules for the special SMEs scheme
- PN Urges VAT Reduction for Restaurants to 7% to Support Sustainability
- 2025 VAT Updates Announced in Malta
