Through the issuance of Commercial Yachting Notice 12 on 20 March 2024, the Merchant Shipping Directorate within Transport Malta introduced a tailor-made code for small commercial yachts registered under the Malta flag; the Small Commercial Yacht Code (sCYC). The development of this Code is testament to the importance of the smaller commercial yacht sector and...
Following the publication of Legal Notice 231 of 2023 last October, a reduced VAT rate of 12% became applicable in relation to the hiring of pleasure yachts, effective 1 January 2024. The Malta Tax and Customs Administration (MTCA) has recently issued comprehensive guidelines in this regard in order for stakeholders to better understand the implementation...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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