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Malta and EU-VAT Registered Yachts: Import a Yacht into the E.U. at Only 5% VAT Using Malta’s Open Shipping Registry
The Maltese Government has just published Regulation 384 of 2003 under the Value Added Tax Act whereby, prior to Malta’s accession to the European Union in 2004, it will temporarily allow the registration of yachts under the Maltese flag with the added bonus of paying VAT at only 5%.
Griscti & Chetcuti Advocates, Malta
