Budget Newsletter 2024
Introduction The budget for 2024 was presented by the Minister of Finance and Employment yesterday evening. In his introduction the Minister indicated that notwithstanding the global turmoil the Government was committed to maintain the energy subsidies to curb inflation. Cereals…
Budget Newsletter 2023
Introduction The budget speech for 2023 was presented by the Minister of Finance and Employment yesterday evening with the promise of yet another year without the introduction of any new taxes despite the economic uncertainties. Most of the measures are…
Budget Newsletter 2022
Introduction The budget speech for 2022 was read by the Minister of Finance and Employment last night and as previously announced no new taxes were introduced. Instead, various measures were proposed to assist low-income earners and persons in the brink…
Budget Newsletter 2021
Introduction and the economy The Minister of Finance, Economic Development and Planning announced that this year the GDP is expected to decrease by 7.4%. However, the government is anticipating a recovery next year of 5% in real terms and 6.4%…
Budget Newsletter 2020
On 14 October 2019, the Honourable Minister for Finance, Professor Edward Scicluna, presented the Budget for the coming year. In his introduction, he summarised the most salient features in relation to the performance of the Maltese economy with the main...
Read moreAnti-Tax Avoidance Directive (ATAD)
During the Budget speech for 2019 presented on 22 October 2018, it was announced that Malta, like other EU Member States, will be implementing the EU Directive on Anti-Tax Avoidance, more commonly known as ATAD1. Although no detailed provisions...
Read moreBudget Newsletter 2019
On 22 October 2018, the Honourable Minister for Finance, Professor Edward Scicluna, presented the Budget for 2019. The introductory part of the budget speech was dedicated to some features of the Maltese economy, which may be summarised as follows: GDP...
Read moreBudget Newsletter 2018
On 9 October 2017, the Honourable Minister of Finance, Professor Edward Scicluna, presented the Budget for 2018. As has become customary, the introductory part of the budget speech was dedicated to the salient features of the Maltese economy, highlighting the...
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