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Update - Malta Personal Income Tax

The Maltese government has confirmed that it is to postpone proposed alterations to the income tax rate in Malta, citing the need for fiscal retrenchment to achieve a deficit below the Maastricht Criterion of 3% of GDP.

The ruling party insisted the government had already implemented a number of tax reductions in the last few years, in particular cuts to company tax bills to improve Malta‘s attractiveness as an International Finance Center.