- Malta has introduced a new reduced VAT rate of 12%
- The new rate applies from 6 October 2023
- The change was gazetted on 6 October 2023
- The new rate applies to certain credit and credit guarantee management services
- The new rate also applies to certain health care services
- The hiring of pleasure boats is subject to the new reduced VAT rate
- Securities custody services are also subject to the new rate
Source: fiscalsolutions.co.uk
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.
