Malta's Commissioner for Revenue has published Guidelines on the application of the 12% VAT rate on the supply of custody of securities. --- Guidelines on the application of the 12% VAT rate on the supply of custody of securities Date: 01/04/2024 Purpose and Background Pursuant to the adoption of the VAT Rates Directive (Council Directive (EU) 2022/542 of 5 April 2022), Malta adopted Legal Noce 231 of 2023 which amends the Eighth Schedule to the VAT Act (Chapter 406, Laws of Malta) resulting, with effect from 1st January 2024, in the application of a 12% VAT rate on several services,...