VAT on Pleasure Yachts

A reduced rate of 5% VAT shall be applicable with respect to yachts and pleasure boats, that shall be registered from 1 december 2003 up to 31 march 2004.

After that date, the vat rate shall revert to the full value of 18%.

This was described, by the Ministry of Finance, as a one-time measure to encourage the regularisation of vessels prior to Malta's entry in the EU.

For further assistance, please click here.