Source: PKF Malta¸ January 2014

We are pleased to announce a presentation of a VAT study compiled by PKF Malta with the collaboration of Professor Lino Sant to Finance Minister Prof. Edward Scicluna. The study was prepared by PKF to assist MHRA in their claim for a revision of vat tariff and illustrates the positive results on value added to the industry. It reveals the level of on elasticity of demand given that the government reverses the 40% increase (from 5% to 7%) in VAT rate on accommodation.