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Malta Extends Time Limit To Pay 5% Vat On Yachts Until April 15, 2004.

Publication: Mondaq Business Briefing
Publication Date: 02-APR-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Early this year the Maltese Government introduced a system whereby yacht owners could register their yachts in Malta and pay 5% VAT on the market value of the yacht. Such yachts would be considered to be VAT-paid for EU purposes as soon as Malta joins the European Union on 1st May, 2004. The offer was valid until 31st March, 2004.

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