Malta:
Reduced VAT Rate On The Hiring Of Pleasure Yachts
10 October 2023
CSB Group
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By means of the Legal Notice 231 of 2023, amending the Eighth
Schedule to the Malta Value Added Tax Act (Cap. 406 of the Laws of
Malta), short term charters commencing in Malta will benefit from a
reduced 12% VAT rate, subject to the fulfilment of certain
criteria, with effect from the 1st of January,
2024.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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