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Malta new 12% VAT rate 2024

Malta adds third reduced VAT rate

Malta is to add to its existing 7% and 5% reduced VAT rates with a new reduced rate of 12%. There is also some zero-rated supplies.

The new rate applies from 1 January 2024 are the change was gazetted.

The standard VAT rate of 18% will remain unchanged.

The 12% rate will apply to:

  • Hiring of pleasure boats
  • Certain health care services
  • Securities custody services; and
  • Certain credit and credit guarantee management services

Like all EU states, Malta is now able to introduce a wider range of reduced VAT rates following the 2022 adoption of the reduced VAT rate freedoms.





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