{"id":2016,"date":"2016-05-03T12:31:49","date_gmt":"2016-05-03T10:31:49","guid":{"rendered":"https:\/\/www.act.com.mt\/?p=2016"},"modified":"2020-03-06T16:21:34","modified_gmt":"2020-03-06T15:21:34","slug":"new-aviation-leasing-guidelines-issued-by-the-vat-department","status":"publish","type":"post","link":"https:\/\/www.act.com.mt\/news\/new-aviation-leasing-guidelines-issued-by-the-vat-department\/","title":{"rendered":"New Aviation Leasing Guidelines issued by the VAT Department"},"content":{"rendered":"\n<p>The Malta VAT Department has issued new guidelines with respect to the VAT treatment of aircraft leasing.&nbsp; The new guidelines replace the previous guidelines which were issued in October 2012.<\/p>\n\n\n\n<p>Whilst the existing conditions for applying&nbsp;VAT&nbsp;on the lease&nbsp;remain,&nbsp;the method which establishes the percentage of&nbsp;deemed use of the aircraft within EU airspace has been revised.&nbsp; The new method will now be based on the flight range of the aircraft. As a result, it now enables a wider range of aircrafts to fall within the scope of the new revised Guideline.&nbsp;The&nbsp;VAT&nbsp;treatment provides that on the basis of the use and enjoyment principle, only the&nbsp;portion&nbsp;of&nbsp;deemed&nbsp;use of the aircraft within&nbsp;European&nbsp;airspace&nbsp;is subject to VAT.&nbsp;The&nbsp;remaining portion is deemed to be effectively used and enjoyed outside the EU airspace and therefore falls outside scope of VAT. &nbsp;<\/p>\n\n\n\n<p>The guidelines may be downloaded by clicking on the following link.<\/p>\n\n\n\n<p><a href=\"http:\/\/vat.gov.mt\/en\/VAT-Information\/Guidelines-to-certain-VAT-procedures\/Documents\/Aircraft%20Leasing%20Guide%20-%20Apr%202016.pdf\">http:\/\/vat.gov.mt\/en\/VAT-Information\/Guidelines-to-certain-VAT-procedures\/Documents\/Aircraft%20Leasing%20Guide%20-%20Apr%202016.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Malta VAT Department has issued new guidelines with respect to the VAT treatment of aircraft leasing.&nbsp; The new guidelines replace the previous guidelines which were issued in October 2012. Whilst the existing conditions for applying&nbsp;VAT&nbsp;on the lease&nbsp;remain,&nbsp;the method which establishes the percentage of&nbsp;deemed use of the aircraft within EU airspace has been revised.&nbsp; The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","wds_primary_category":1},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/posts\/2016"}],"collection":[{"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/comments?post=2016"}],"version-history":[{"count":0,"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/posts\/2016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/media\/2245"}],"wp:attachment":[{"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/media?parent=2016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/categories?post=2016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.act.com.mt\/wp-json\/wp\/v2\/tags?post=2016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}