19 October, 2021

Positive Proposals but need for a Long Term, Sustainable Fiscal Vision


The Malta Chamber welcomes the fact that several of the measures it proposed were taken on board by the Leader of Opposition in his response to last week’s Budget. The most notable were the establishment of a specialised due diligence unit accessible to professionals such as accountants and lawyers and the reduction of VAT rate for all restaurant sales and hotel services to 7% to assist the Tourism sector.

The Malta Chamber is particularly concerned with the Leader of Opposition’s statement on the extension of VAT exemptions up to €60,000 declared revenue, particularly in view of new EU VAT simplification rules that will come into effect as of January 2025 whereby all EU SMEs which do not surpass the local thresholds will be allowed to benefit from the same exemptions as local traders and businesses.

The Malta Chamber insists on the importance of a prudent approach in terms of budgetary proposal financing. It is crucial that in the weeks and months to come, the two main political parties do not enter into populist discourse. Any unsustainable measures that are proposed will ultimately be borne by the taxpayer and will render any deficit and debt targets unattainable.

The Malta Chamber calls for a mature discussion in the run-up to the next election and calls for political consensus in addressing fiscal targets and restoration of our international reputation, which is adversely impacting our attractiveness for foreign direct investment.

All News

View All

31 January, 2025

Digitalisation and Skilled Workers are Key for Malta to shift from Qua...

...

Learn More
29 January, 2025

MBB welcomes the European Commission’s Competitiveness Compass, urge...

...

Learn More
28 January, 2025

The Malta Chamber joins CLECAT to strengthen representation in Europea...

...

Learn More
21 January, 2025

The Malta Chamber and AIS Environment Ltd Sign Silver Collaboration Ag...

...

Learn More

All News

View All

Chamber News

31 January, 2025

Digitalisation and Skilled Workers are Key for Malta to shift from Qua...

...

Learn More

Chamber News

30 January, 2025

Strengthening Parliament and Increasing Public Trust: A Call for Parli...

...

Learn More

Chamber News

29 January, 2025

MBB welcomes the European Commission’s Competitiveness Compass, urge...

...

Learn More

Chamber News

28 January, 2025

The Malta Chamber joins CLECAT to strengthen representation in Europea...

...

Learn More

upcoming events

View All

Upcoming Events

25 February, 2025

Scaling Up - Strategies for Next-Level Growth & Leadership

...

Learn More

Upcoming Events

07 March, 2025

IBN St. Patrick’s Day Gala Dinner 2025

...

Learn More

upcoming events

View All

25 Feb
upcoming event 25 February, 2025, 06:00 PM

Scaling Up - Strategies for Next-Level Growth & Leadership

Learn More
07 Mar
upcoming event 07 March, 2025, 07:00 PM

IBN St. Patrick’s Day Gala Dinner 2025

Learn More