Super reduced rate

Not applicable

Reduced rate

5 / 7^[1] /12^[2]

Standard rate

18

Parking rate

Not applicable

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[1] The reduced VAT rate of 7% is applicable to holiday accommodations and sporting facilities.

^[2] A new reduced rate of 12% is applicable as from 1 January 2024 on:

(i) custody and management of securities;
(ii) Management of credit and credit guarantees by a person or body other than those who granted the credit;
(iii) Short-term hiring of a pleasure boat which does not exceed a cumulative period of five (5) weeks over a running period of 12 months;
(iv) certain services consisting of the care of the human body required to be delivered by a person in the exercise of any regulated health care profession