The country’s yachting associations have claimed that the EU has acted in discrimination against Malta’s yachting industry when it sent a Notice of Infringement in connection with the practice in Malta on Yacht leases.
The Yachting Services Trade Section within the Malta Chamber, the Malta Maritime Law Association, the Malta Maritime Forum and the Super Yacht Industry Network Malta, claimed in a statement issued on 12th March that the same treatment was not being reserved for all countries.
“Malta Yacht lease structures have always been set up in line with EU laws, based on practices tried and tested in other Member States as explained by the Malta Guidelines” the statement said.
“The industry therefore questions why such a notice of alleged infringement is being sent at all. Even more so when it is evident that no similar notice was sent to Member States which apply the same principle under the VAT directive in an identical manner to Malta, such as France and Italy. If no notice of infringement was sent to France and Italy why therefore is one being sent to Malta, Cyprus and Greece?” the organisations queried.
The organisations appealed and promised their support to the Maltese Government to firmly contest this action by EU Commissioner Pierre Moscovici.
“The yachting industry is, as is the entire maritime industry in Malta, an important one. The yachting industry consists of the large domestic market and forms part of a larger EU yachting eco system which together contribute significantly to the country’s and EU gross domestic product and have been supporting a number of jobs for the past 15 years. It is vital that the EU authorities continue to recognise and encourage this contribution in line with the EU Maritime policy” the press release concluded.