In accordance with Legal Notice 231 of 2023, which amends the Eighth Schedule to the Maltese VAT Act (Chapter 406, Laws of Malta) the rate of 12% VAT will apply on the ‘hiring of a pleasure boat to a person according to an agreement for any term or part of a term that, when added to the term of a previous hiring, of the same goods or of other goods of the same kind, to the said person during the previous twelve (12) months ending on the date of the beginning of the existing hiring, does not exceed five (5) weeks.’ The Maltese Tax and Customs Administration has published Guidelines with respect to assessing the VAT treatment of yacht charters taking place in Malta and qualifying for the 12% VAT rate in accordance with the aforementioned Legal Notice:
Please do not hesitate to get in touch should you be the owner of a commercial yacht and plan any charters starting in Malta, for us to guide you with respect to the applicable Maltese VAT rules – email: shipping@dingli.com.mt, phone: +356 21 236206.
.