The Maltese Government has issued Legal Notice 231/2023, amending the VAT Act to introduce a new reduced rate of 12% for certain services. This includes custodian services, management of securities, management of credit and credit guarantees by third parties, short-term hiring of pleasure boats, and certain health care services. The reduced rate will come into effect on 1st January 2024 and aims to ease the VAT burden on these specific services.
Source Joseph Sammut
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "Malta"
- Malta’s Phased B2B E-Invoicing Strategy Ahead of EU ViDA Mandate
- Malta Set to Launch Mandatory E-Invoicing and Real-Time VAT Reporting in Digital Tax Reform
- Malta’s 2025 ViDA Roadmap: Peppol e-Invoicing, Digital Reporting, and VAT Compliance Transformation
- When VAT Exemption Fails: Key Triggers for Tax on Aircraft Leasing and International Transport
- Malta Accelerates E-Invoicing and Real-Time VAT Reporting to Tackle High VAT Gap
