Malta Tax Agency Issues Guidelines on Reduced VAT Rate for Credit Management, Guarantees

The Maltese Inland Revenue Feb. 8 issued guidelines on the reduced 12 percent VAT rate for management of credit and credit guarantees, effective Jan. 1. Topics covered include: 1) the 12 percent reduced VAT rate on the management of credit and credit guarantees by individuals and entities other than those granting the credit; and 2) the exemption from VAT for the management of credit and credit guarantees by the person granting the credit. [Malta, The Commissioner for Revenue, 02/08/24]

Reference: View Guidelines. View Index.