- Reduced VAT rate of 12% applies to the rental of pleasure boats in Malta
- Effective from January 1, 2024
- Applies to rentals with a duration of less than five weeks
- Duration of five weeks includes the signed contract and any previous rentals within a twelve-month period with the same party
Source: easytax.co
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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