An Overview of the 2023 Budget as prepared by Silvan Mifsud, Director EMCS. Government forecasts that the budget deficit will flow until 2025. The public debt level is forecast to increase from over €8 billion ( 2021) to around €12 billion (2025), with a forecast annual deficit of almost €1 billion for 2022 and 2023. ...
An amended SL 123.204 has been published last August through LN 220 of 220 to the Pensions (Tax Emption) Rules and which are applicable from 1 January 2022. The revisions introduce a capped exemption on the pension amounts progressing over the years at the different rates until the 100% exemption is reached. The exemption thresholds...
Insights From The Commission’s Consumer Survey July 2022 Rising inflation between January 2021 and June 2022 has increased the cost of households’ per capita consumption in the European Union by around €160 per month, on average. This special topic takes a close look at the results from the Commission’s harmonised EU-wide consumer surveys until June...
The Renovation of Private Sector Buildings Scheme funded under the Resilience and Recovery Fund has been launched. A company can benefit up to €1 million and the aid intensity is as follows: Investments in Malta Investments in Gozo Small and Micro 50% Small and Micro 55% Medium 40% Medium 45% Large 30% Large 35% The...
Up to €200,000 to invest in Digital Technology for your Business Digital has become the number one priority for all businesses. The Recovery and Resilience Plan for Malta is offering support through its two SME Digital Grant Schemes which were launched in June 2022 and extend till September 2022. The past two years, have placed...