Inbound tourist trips for the first eleven months of 2018 reached 2.477 million, an increase of 14.5% over the same period in 2017. Total nights spent by inbound tourists went up by 12.6%, reaching nearly 17.7 million nights%. Total tourism expenditure was estimated at €2.0 billion, 8.2% higher than that recorded for 2017. Total expenditure...
Between January and October 2018, recurrent revenue rose by €213.9 million and amounted to €3,496 million. This represented a 6.5% increase from the €3,282.1 million reported in revenue during the corresponding 10 months of 2017. The increase was primarily the result of higher Income Tax (€103.6 million), Value Added Tax (€71.6 million), Social Security (€68.1...
Total tax revenue in Malta in 2017 went up by €381.4 million over the previous year and stood at €3,608.2 million. Tax revenue can be broadly classified under three main headings: indirect taxes, direct taxes and social security contributions. All three categories of tax revenue registered an increase in 2017. The largest increase was recorded...
Malta’s Blockchain and Fintech Regulatory Framework came into effect as from 1st November, 2018. This regulatory framework includes both regulation for the Blockchain technology and for the Fintech space, including ICOs and Service Providers like Crypto Exchanges. For further details on this regulatory framework, kindly contact: silvan.mifsud@emcs.com.mt Public Finances – Balanced Public Finances by end...
The key indicators that emerge from the Labour Force Survey for the period 2012 and 2017 are presented below. In some instances these are compared with the EU 28 data for 2017. 1. During 2017, the national estimate for the employment rate (ages 15-64) stood at 69.2%, 1.5 percentage points higher than the EU 28...