Malta not planning catering VAT cut
Tuesday July 7, 2009
No plans are in place to reduce the rate of VAT charged on catering services in Malta, the country’s prime minister has announced.
Speaking to the rest of the government, Lawrence Gonzi said in response to a question from opposition leader Joseph Muscat on the issue that such a move is not currently in the pipeline.
However, he added that proposals could still get a go-ahead in the future, as ministers are planning to have some discussions on the issue.
Mr Gonzi added that any such decision would be influenced by the country’s performance in the current financial climate.
France recently announced that the decision to cut the rate of VAT charged on the country’s restaurants and eateries could potentially boost its tourism industry.
The reduction in the tax to 5.5 per cent came into force last week.