Reduced VAT on Short-term Yacht Charters Commencing in Malta
On the 29th July 2013, guidelines were issued by the VAT Department in respect of the Malta VAT treatment of short-term yacht charters commencing in Malta. The guidelines are to a great extent similar to the interpretation which applicable to long-term yacht leases.VAT Department GuidelinesAccording to the guidelines, a short-term charter of a yacht is […]