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Eurofisc Conference
“E-commerce is considered by all Members States to be the sector that poses the greatest threat to the tax administrations. Fraud schemes are constantly evolving and getting more complicated and therefore difficult to detect. They are also challenging to control, as it is difficult to monitor the transaction flow (money, goods and services) and to…
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Creditreform upgrades Malta’s outlook to positive with an A+ rating
The Ministry for Finance welcomes the latest sovereign rating issued by the German credit rating agency, Creditreform Rating, which upgraded Malta’s outlook to positive from stable, with an A+ overall rating. The upgrade reflected Creditreform’s expectation that, Malta will continue to show a strong growth performance with real GDP remaining solid over the next few…
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Il-gvern iżomm il-wegħda tiegħu mal-eks ħaddiema tal-korpi
Il-gvern kompla jżomm kelmtu meta għat-tielet sena konsekuttiva qed isiru pagamenti lill-eks membri tal-korpi tax-xogħol, eks ħaddiema tax-xatt u membri kurrenti jew passati tal-Korp tal-Pulizija. Dan filwaqt li diġà hemm l-assigurazzjoni li se jitħallsu r-raba’ pagamenti tul is-sena 2020. STQARRIJA MILL-MINISTERU GĦALL-FAMILJA, DRITTIJIET TAT-TFAL U SOLIDARJETÀ SOĊJALI U MILL-MINISTERU GĦALL-FINANZI Dawn id-dettalji tħabbru f’konferenza tal-aħbarijiet…
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Malta’s 2020 budget deemed compliant by the European Commission
The Ministry for Finance welcomes the European Commission’s assessment of Malta’s 2020 Draft Budgetary Plan, which was found to be ‘Compliant’ with the requirements for 2020 under the Stability and Growth Pact (SGP). PRESS RELEASE BY THE MINISTRY FOR FINANCE The Commission assesses the draft budgetary plans of the euro-area Member states which summarise the…
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L-anzjani u l-pensjonanti huma l-prijorità ta’ dan il-gvern
“L-anzjani u l-pensjonanti huma l-prijorità ta’ dan il-gvern. Fl-aħħar snin mhux biss żidna l-pensjonijiet imma daħħalna wkoll miżuri oħra li komplew itejbu l-ħajja tal-penzjonanti”, stqarr il-Ministru għall-Finanzi Edward Scicluna waqt laqgħa li kellu illum mal-Għaqda Pensjonanti tal- GWU, fejn ġew spjegati d-diversi miżuri mħabbra fil-baġit għas-sena d-dieħla li jikkonċernaw lill-penzjonanti. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Fost il-miżuri…
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Doha High-Level Conference
“My hope is that young people in the region can turn a vicious circle into a virtuous one. We need more empowerment followed by inclusive growth.” This was stated by Minister for Finance Professor Edward Scicluna at the High-Level Conference on “Enriching the Middle East’s Economic Future”, focussing on opportunities and challenges facing…
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EU needs to change its culture towards risk taking and innovation
“For many years after the financial crisis, EU investment and in particular investment in innovation, suffered the fate of government expenditure. As a result, R&D as a percentage of GDP in Europe is significantly lower than in the US. The EU needs to change its culture towards risk taking and innovation.” With Ms Christine LAGARDE,…
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Malta expected to record the highest economic growth rates in the EU for the third consecutive year
The Ministry for Finance welcomes the 2019 Autumn Economic Forecast published by the European Commission (EC) which expects the Maltese economy to record the highest GDP growth rates in the EU for both 2020 and 2021. PRESS RELEASE BY THE MINISTRY FOR FINANCE The EC expects Malta’s GDP growth to amount to 4.2 per cent…
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5th Annual Investor Education Conference
Minister for Finance Edward Scicluna delivered a concluding speech at the 5th Annual Investor Education Conference, aimed at increasing the level of financial literacy amongst investors, held at the Malta Stock Exchange (MSE). PRESS RELEASE BY THE MINISTRY FOR FINANCE The minister congratulated the MSE for setting up the MSE Institute and for holding…
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Malta with the sixth lowest tax burden in the EU
The Ministry for Finance welcomes the latest taxation data published by Eurostat which shows that, in 2018, Malta ranked amongst the countries with the lowest tax burden in the EU. Malta was also one of the eight countries which recorded an annual decrease in the tax burden. PRESS RELEASE BY THE MINISTRY FOR FINANCE Indeed, the…