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Malta Told To Amend VAT Rules For Yacht Leasing

by Ulrika Lomas, Tax-News.com, Brussels

20 February 2020


The European Commission has again asked Malta to amend its method for calculating VAT on yacht leasing.

The Commission has sent an additional letter of formal notice to Malta, following an initial request in 2018. The Commission said that although Malta modified its legislation after the first request, the Maltese rules are still not completely in line with EU law.

The Commission explained that Maltese legislation uses a distance-based method when calculating the effective use and enjoyment of a yacht outside the EU. However, EU rules do not allow such a method to be used, instead requiring the use of a time-based method.

Without a satisfactory response within two months, the Commission may send a reasoned opinion to Malta.

TAGS: compliance | tax | European Commission | value added tax (VAT) | Malta | tax avoidance | VAT legislation | law | legislation | European Union (EU) | VAT compliance matters | Europe

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