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Malta: Budget 2012 Fiscal Measures Announced
On the 14th November 2011, the Minister of Finance, Economy and Investment presented the Budget for the year 2012. The main features of the budget include:
New tax rates for parents and longer maternity leave Schemes to encourage investment in digital games Changes to the Law on Part-Time Work VAT penalties Amnesty Excise Duty on Cigarettes, Bunkering Fuel and Cement and Vehicle Registration Tax Car Scrappage Scheme Cost of Living Allowance Power Tariffs Private School Fees Tax Deduction Increase in Children's Allowance and other benefits Green energy incentives for major power users and investment incentives Removal of TV License Grant for people aged 80 years and over Others
To read further details on each of the features of the budget please download your copy of the budget report by clicking on the button below:
For further information please contact: Mr. Josef Mercieca
HLB Falzon & Falzon
Casa Floriani
Pietro Floriani Street
Floriana FRN 1060
Malta
Phone: +356 21 233026/239671/230234
Fax: +356 21 239113
E-mail:
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About HLB Falzon & Falzon HLB Falzon & Falzon has been established as a partnership since 1969, and is now a leading auditing and accounting practice in Malta. HLB Falzon & Falzon is an independent member of HLB International.
HLB can Assist You with International Tax If your business operates internationally, a good understanding of the income tax consequences can help you to manage the global tax expense and avoid costly mistakes. HLBI's tax specialists in over 100 countries worldwide can assist you with international tax planning and compliance. Visit www.hlbi.com or contact your local HLB office for more information.
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