Top 5% of taxpayers responsible for one-third of all income tax paid in Malta
On the other hand, the bottom third of income earners pay just 1.7% of all income tax generated
Initial predictions for 2024
While the outlook is unclear, indications show the threat of inflation is passing quicker than central banks suggest
Local 2% inflation target delayed due to Malta’s subsidy policy, low domestic bank interest rates
It would be a mistake to assume that ECB rate cuts are imminent, says Governor Edward Scicluna
An Expert Explains: Tax rebates on personal pension plans
Pensions expert Claire Falzon explains
Over half of Maltese investors have ‘negative feelings’ towards local investment market – survey
Data emerges from a survey conducted by Marketing Advisory Services
Market round-up: October to Early November 2023
The onset of November offered some much welcome respite from the sell-off of global equities which continued into October
SMEs to benefit from new €30 million credit facility to finance green investments
Additionally, MDB signed a separate agreement to benefit from EIB’s advisory services
‘Banks can and should act as a catalyst to a sustainable environment and economy’ – MFSA conference
Francois-Louis Michaud, Executive Director of the EBA argued that regulators have devised tools and enhancements to facilitate transition
BOV issues warning on dangerous texts sent on the same threads as legitimate messages
APS also issued a similar warning about such scams
Greatest Budget 2024 reassurance is that energy subsidies will remain as long as necessary – SME Chamber
‘Another important topic was the plan to renew the economy by attracting growth from high-end sectors’
Budget 2024 is ‘clear on social objectives, vague on wealth creation’ – The Malta Chamber
‘Little clarity in the budget on how government is going to improve the productive capacity of our economy’
Government looking to create a specialised Commercial Court, along with a dedicated Judge
Members of the judiciary have raised the alarm over a serious staff shortage within Malta’s courts
Electric vehicle grant extended in 2024, ‘financial assistance’ for first-time buyers of ekick scooters
Electric and plug-in hybrid vehicles with a range of 50km or more will remain exempt from registration tax
Malta retains current corporate tax structure in 2024, foreign companies ‘may’ see tax bill increase ‘a little’
Malta to delay implementation of OECD 15% minimum corporate tax rate
Government to fix VAT refund anomaly that disadvantages single people renovating their first home
First and second-time property buyers will keep paying lower rates of duty
First-time-buyers of UCA or vacant properties in Gozo will have grant increased to €40,000
Since 2020, government has issued a series of initiatives to support residents get on the property ladder