- Malta has provided new guidelines on the application of a 12% VAT rate on the supply of management of securities
- The guidelines were issued in response to the adoption of the VAT Rates Directive
- The purpose of the guidelines is to provide clarity on the application of the reduced VAT rate on such supplies
- The reduced rate of 12% applies to securities portfolio management services
- The guidelines specify that the reduced rate does not apply to services such as advice on capital structure or mergers
- The reduced VAT rate of 12% on management of securities does not affect any exemptions outlined in the Fifth Schedule of the VAT Act.
Source: cfr.gov.mt
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.
