Regulatory

EU warns Malta over incorrect VAT on yacht leases

By Jaroslaw Adamowski2020-02-19T10:59:00

The conference Opportunities in Superyachts 2017 will be held on February 23 at the Excelsior Hotel in Valletta, Malta

The European Commission has sent an additional letter of formal notice to Malta whose authorities it accuses of not levying the correct amount of the value-added tax (VAT) on the lease of yachts. Brussels claims that Valetta failed to properly modify its tax system in response to earlier requests by ...

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