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Tnaqqis fit-Taxxa għall-Kumpaniji li jagħmlu donazzjonijiet lill-Malta Community Chest Fund
Bħala parti mill-ħidma tal-Gvern sabiex jinkoraġixxi aktar donazzjonijiet minn intrapriżi, donazjonijiet li jsiru minn kumpaniji lill-Malta Community Chest Fund se jkunu tax deductible. Dan it-tnaqqis fit-taxxa kien imħabbar mill-President ta’ Malta Marie-Louise Coleiro Preca u l-Ministru għall-Finanzi l-Prof. Edward Scicluna, l-Erbgħa 5 ta’ Novembru 2014. [nggallery id=223] Filwaqt li kien qed iħabbar din it-tnaqqis…
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Commission Autumn forecast for Malta: Smooth Sailing in Choppy Waters
Deficit under control, Economic growth higher than anticipated and expected to remain strong The Ministry for Finance welcomes the European Commission’s positive appraisal of the Maltese economy in its 2014 Autumn Forecast, wherein it recognises the robust performance to date, and for the coming two years. “What I liked most from the various comments was…
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Malta’s VAT mechanism amongst the most efficient
The Ministry for Finance considers Malta’s VAT mechanism as one of the most efficient among the EU’s 28 member states. This goes completely contrary to what was reported by the European Commission in its recently published report for 2012. While the Commission estimates some €241 million were lost to tax evasion in 2012, the Ministry’s…
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Reduced Tax on Rent
The Minister for Finance Prof. Edward Scicluna launched a new withholding tax on rent on Thursday 30 October 2014. Minister Scicluna explained that by means of the new scheme, whereby the rate of tax on income from rented properties would be reduced from a maximum of 35% to 15%, tax evasion will be discouraged and…
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Malta joins 50 states and jurisdictions in signing Multilateral Agreement on Automatic Exchange of Tax Information
Malta has joined 50 states and jurisdictions in signing a Multilateral Agreement on The Automatic Exchange of Tax Information in Berlin, under the aegis of the OECD. PRESS STATEMENT BY THE MINISTRY FOR FINANCE The Minister for Finance Prof. Edward Scicluna welcomed the signing, underlining that it represents an important step in…
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Moody’s praises Malta’s robust growth as economy going forward
“Government reforms targeting bottlenecks” – Moody’s Credit rating agency Moody’s praised Malta’s economic performance saying Malta’s economy is going forward. Moody’s highlights higher domestic consumption and last year’s good export performance, as well as major government reforms in the energy sector and labour market, to keep improving Malta’s performance as it reaffirms Malta’s A3 credit…
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Il-mekkaniżmu tal-COLA
Hu ironiku li l-istess Tonio Fenech u l-Oppożizzjoni Nazzjonalista qegħdin kontinwament jattakkaw bl-aktar mod sfrenat il-mekkaniżmu tal-COLA, meta kienu l-istess Tonio Fenech u l-Partit Nazzjonalista li stabilixxew dan il-mekkaniżmu meta kienu fil-Gvern. STQARRIJA MILL-MINISTERU GĦALL-FINANZI La dan il-Gvern, u lanqas ebda Gvern ta’ qabel, ma jista’ jieħu l-krettu għaż-żieda tal-COLA. Dan għaliex il-COLA tinħadem…
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European central bank comprehensive assessment confirms robustness of Maltese banks
“The results of the comprehensive assessment exercise conducted by the European Central Bank (ECB) on 130 banks located in 19 Member States reconfirmed the soundness and robustness of Malta’s banking sector,” said the Minister for Finance, Prof. Edward Scicluna. Minister Scicluna welcomed the results of the exercise as conducted by the ECB in conjunction…
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Stqarrija għall-istampa
L-Oppożizzjoni tidher li lanqas stqarrija sempliċi ma taf taqra. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Fl-ittra tagħha llum, il-Kummissjoni Ewropea ma elenkat ebda ksur tal-liġi u ma talbet l-ebda tibdil. Talbet biss kjarifiki mill-Gvern Malti bħala parti mill-proċeduri li ddaħħlu mill-Unjoni Ewropea s-sena l-oħra. L-Oppożizzjoni għal darb’oħra qed tara kif tipprova tagħmel ostakli, l-aqwa li tagħmel il-ħsara.…
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Press Statement
The Ministry for Finance received communication from the European Commission asking for further information related to the Draft Budget 2015 submitted by Malta on 15 October 2014. PRESS STATEMENT BY THE MINISTRY FOR FINANCE This procedure is normal practice according to new regulations under the two-pack system introduced for the first time last year.…