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Special 12% VAT Rate for Yacht Charters Starting in Malta

  • Introduction of special 12% VAT rate on yacht charters in Malta
  • Conditions for qualifying for the reduced VAT rate
  • Guidelines published by Malta tax department for application and interpretation of regulations
  • Port Notice by Transport Malta exempting visiting yachts from Commercial Vessels Regulations
  • Clarification on supplies eligible for 12% VAT rate during charter operations

Source: fenechlaw.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.

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