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04 / 04 / 12 EU to simplify cross-border car registration
The European Commission said today that it is slashing formalities for cross-border registration of cars. "Each year, EU citizens and companies have to move some 3.5 million vehicles to another Member State, and need to get them registered according to the national legislation. However, what should be a simple registration procedure in the 21st century... Read More
16 / 03 / 12 Malta keeps inflation rate among eurozone's lowest
Malta again registered one of the lowest inflation rates in the eurozone, according to the latest data published in Brussels.    Eurostat said Malta had the second lowest 12-month average rate in February, at just 2.3 per cent compared to the average 2.8 per cent in the euro area. Compared to a year earlier, Malta’s inflation rate fell by 0.3 per... Read More
14 / 03 / 12 Malta stands against EU's proposal on Financial Transactions' Tax (FTT)
Brussels is proposing member states start imposing a tax of 0.1 per cent on trading in shares and bonds and 0.01 per cent on derivatives transactions. Unanimous agreement is necessary for the introduction of such a tax.   Malta, one of the member states vehemently opposing the proposal, yesterday stepped up its opposition. Finance Minister Tonio Fenech... Read More
24 / 02 / 12 Fees Paid for Sports Activities
Persons who wish to claim the fees paid in respect of their children who have not attained the age of 16 attending sports activities provided by entities registered with the Malta Sports Council are kindly requested to complete a form and send it to the Malta Sports Council by not later than 30 March 2012.   The link to the form is found hereunder:... Read More
27 / 01 / 12 Malta signed a Tax Information Exchange Agreement with Gibraltar
On Tuesday 24th January 2012, Malta signed a Tax Information Exchange Agreement (TIEA) with Gibraltar, which will provide both countries with tax information on request when there is evidence of fiscal crime.   The High Commissioner of Malta in London Joseph Zammit Tabona signed on behalf of the government of Malta and Gibraltar's Minister with... Read More
20 / 12 / 11 Tax Benefit on Rental Income from Housing Authority
Housing Authority will be launching a call for applications for property owners who wished to lease apartments or houses to the authority. Property owners will benefit from reduced tax rates, of five per cent, on their guaranteed rental income and will enter into a contract with the authority for a minimum of 10 years.   New rental scheme launched... Read More
25 / 11 / 11 Malta and Bermuda sign Tax Information Exchange Agreement
A tax information exchange agreement has been signed between Malta and Bermuda. Bermuda’s Ministry of Finance said the agreement was signed in London by Maltese High Commissioner Joseph Zammit Tabona and by Premier Paula Cox J.P. for Bermuda. The TIEA provides for a full exchange of information between the two countries on tax matters. Premier Cox... Read More
23 / 11 / 11 Gaming Sector
Malta has been chosen over other countries by a multimedia online production business to develop an innovative digital game that should be launched in the US in two years’ time. TRC Family Entertainment Ltd is investing $6 million in the island and relocating $18 million worth of intellectual property to its studio in Malta and plans to employ 100 workers over... Read More
23 / 11 / 11 Social Security Contributions To Rise
Social Security Contributions will rise next year in line with the pension reform announced in 2007, Finance Minister Tonio Fenech said in parliament. Mr Fenech said the contribution will rise in line with the cost of living wage increase. Those aged under 50 will also see an increase in terms of the pensions’ reform which was launched in 2007.  ... Read More
14 / 11 / 11 2012 Budget Highlights
Please find a link to the 2012 Budget Highlights announced on Monday 14th November 2011 by the Hon Tonio Fenech, Minister of Finance. Read More
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