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ARTICLE · 02 APRIL 2004

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

Griscti & Chetcuti Advocates, Malta
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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

MaltaTransport
Marco Griscti
Marco Griscti

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.

Following the large interest shown in the offer, the Maltese Government has extended the offer by another fifteen days, that is until the 15th April, 2004.

Therefore all those yacht owners who missed out on the first opportunity and are still interested in taking advantage of the offer, have now fifteen days in which to contact us and get the ball rolling.

There are three situations which will undoubtedly benefit yacht owners.  

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