The VAT Department has on the 28th November 2017, issued new guidelines with respect to the reduced rate of 7% on the use of sporting facilities. The guidelines stipulate that as from the 1st January 2018, the reduced rate of 7% applicable on the use of sporting facilities in terms of item 11 of the 8th Schedule to the Value Added Tax Act shall apply also to the use of sporting facilities consisting of movable equipment which is used exclusively for physical activity.
New guidelines issued by the VAT Department on sporting facilities
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For further information, please contact us on [email protected]. ACT can help you understand the changes to the income tax, accounting, corporate and VAT rules and how these can impact your business.
Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria. For an appointment in our Gozo office, please call on +356 21378672 or send us an email on [email protected].