The Ministry for Finance welcomes the 2017 Country Report on Malta, published by the European Commission. ​​ The report is a comprehensive and in-depth review which not only takes into account the economic performance of the country, but also the progress made by reforms undertaken so as to strengthen the economy’s resilience.   PRESS RELEASE…

An agreement on Anti-Tax Avoidance (ATAD II) with regard to hybrid mismatches with third countries was reached today at the ECOFIN Council in Brussels. This agreement, just seven weeks into the Presidency, is a testament to Malta’s unwavering commitment in fighting tax avoidance. Any allegations by the Opposition party that Malta might have had a vested interest in dragging its feet on…

The Financial Services Gozo Foundation was launched following a collaborative agreement between the Ministry for Gozo and the Ministry for Finance, and the private sector. Its role is to promote Gozo as a destination for the setting-up of businesses within the financial services sector.   The aim of the Foundation is to coordinate closely with…

The Government increased its investment in the stipend system by over €3.3 million when compared to the amount spent in 2012, with total expenditure for 2016 amounting to €25.8 million. This was stated by Minister for Finance Edward Scicluna and Minister for Education and Employment Evarist Bartolo at the Malta Stock Exchange (MSE) as they…

Minister for Finance Edward Scicluna has joined other Finance Ministers and Central Bank Governors hailing from Italy, Greece, Portugal, San Marino, Albania, and East Timor, in a discussion within the joint International Monetary Fund (IMF) and World Bank Constituency Meeting in Rome.   PRESS RELEASE BY THE MINISTRY FOR FINANCE The meeting hosted by the…

Il-Government Savings Bond għall-pensjonanti mistenni jinħareġ fil-bidu tat-tieni parti ta’ din is-sena wara li jsiru l-arranġamenti leġiżlattivi meħtieġa sabiex il-Gvern ikun jista’ joħroġ dan it-tip ta’ bond.   STQARRIJA MILL-MINISTERU GĦALL-FINANZI   Persuni li twieldu matul is-sena 1955 jew qabel se jkunu eliġibbli biex jinvestu f’dan is-savings bond. Ir-rata ta’ mgħax se tkun fissa u l-investiment se…

An evaluation of Malta’s financial regulations conducted on a regular basis since 2003 has been portrayed by a front page story on The Malta Independent as if it were something out of the ordinary.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE   The article, entitled “PANA Committee not the only ones [sic] to…

Minister for Finance Edward Scicluna met Pascal Saint-Amans – Director, Centre for Tax Policy and Administration at the Organisation for Economic Co-operation and Development (OECD) who was visiting Malta for informal talks on prevailing tax issues which are currently of international interest.   DOI – PRESS PHOTOS In particular, talks centred around the international tax environment as well…

Minister for Finance Edward Scicluna received the Global Financial Services Leadership of Ernst & Young at the Ministry for Finance yesterdayafternoon. Present for this meeting were Mr. David Barker, Managing Partner of EY’s EMEIA FS Transaction Advisory Service, Mr. Ajay Rawai who specialises in advising Governments, Central Banks, banks and investors on the restructuring of banks and…

Non-EU nationals will be receiving their VAT refund on items bought in Malta in a more expeditious way, thanks to an agreement signed today at the Ministry for Finance. Through this agreement, international tax free shopping operator Fintrax Group will be setting up an office under the brand Premier Tax Free at Malta International Airport,…