Malta yachting industry questions European Commission VAT ruling (March 22, 2018)

Maltese industry claims France and Italy apply same principles in VAT collection
A combined group of yachting associations and interest inside Malta have questioned the European Commission’s ruling last week that it was not levying the correct amount of VAT on yacht sales. The Commission said that Malta, Greece and Cyprus were collecting a smaller amount of VAT on the yacht lease-to-own sales because the yachts were listed as services rather than products. It called on the three member states to correct the discrepancies. (…)

More information:
https://plus.ibinews.com/article/6Mu2ajETobk/2018/03/16/malta_yachting_industry_questions_european_commission_vat_ru/

Malta yachting industry questions European Commission VAT ruling _ IBI Plus

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