News Archives: International Business

Malta has 3rd Lowest VAT Rate among 27 EU Members

Malta has the third lowest VAT rate among the EU’s 27 members, according to the latest data published in Brussels. Giving details of the new applicable VAT rates as from the start of this year across the bloc, a document released by the European Commission shows that, at 18 per cent, Malta still enjoys one of the lowest rates in the EU, almost three percentage points below the average, which stands at 20.9 per cent. Due to the ongoing financial crisis, many member states had to revise their VAT rates upwards over the past two years. In all, 14 out…

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