Tag: taxes
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Latest government finances bulletin confirms momentum in tax collection slowing down
The latest statistics by the Ministry of Finance as released by the NSO about the government’s finances confirm that the momentum in tax collection has continued to slow down in the third quarter of this year, after slowing down in the second quarter. Recurrent revenue rose by €169.6 million to €5.664 billion just 3.08% compared…
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Finance Minister loses winning streak as tax collection comes lower compared to last year in Q2
At the same time that the Finance Minister was hailing increasing tax collection efforts by the government, the National statistics Office published statistics showing that the government has collected less revenues in the second quarter of this year compared to last year. This is the first time after a series of quarters in which tax…
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The race to zero taxes
Maltese politics is going through a very interesting process where the rival main political parties keep competing each other by increasing their promises or measures on tax reductions. These tax reductions, which started by the Labour government mostly on low-income earners, are now also a main policy point of the Nationalist Party which is also…
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Nationalist Party proposes 25% income tax and 15% company tax
Yesterday, during a political meeting in Gozo, Opposition and Nationalist Party Leader Bernard Grech declared that the Nationalist Party will lower income taxes to 25% and company taxes to 15%. The upper band of the income tax bracket, that starts at €60,000 is calculated at 35%. Company tax on the other hand is at 35%.…
