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VAT evasion costs at least €120 million annually
VAT evasion costs at least €120 million annually

VAT evasion costs at least €120 million annually

The government estimates it is losing out on at least €120 million through VAT evasion every year, as it plans to clamp down on abusers in the upcoming budget. According to internal estimates drawn up by the Finance Ministry’s Economic Policy Department, Malta is estimated to lose between €120 million and €150 million to VAT evasion every year. This

Cassola demands FIAU action against Labour, PN

Cassola demands FIAU action against Labour, PN

Arnold Cassola (Photo Facebook) Independent candidate Arnold Cassola has asked Malta’s Financial Intelligence Analysis Unit (FIAU) to take legal action against the two major parties, who he said owed tens of millions in unpaid taxes. In a letter to FIAU chief Jesmond Gatt, the former Green Party leader said the Labour Party (PL) and the Nationalist

Government will clamp down on tax evasion – Finance Minister

Government will clamp down on tax evasion – Finance Minister

The government will clamp down on tax evasion, Finance Minister Clyde Caruana said. While there will be no new taxes in the upcoming financial budget for 2022, there will be a clampdown on tax evasion. On Tuesday, Caruana addressed a pre-budget discussion during which the government’s pre-budget document was launched. He explained that the government

Budget will address party station's tax agreements, Clyde Caruana says

Budget will address party station's tax agreements, Clyde Caruana says

The budget will tackle tax repayment agreements which aren’t honoured,  Finance Minister Clyde Caruana said when asked about political party media companies that owe millions in unpaid tax. Earlier this month, Times of Malta revealed how the Labour Party’s ONE and the Nationalist Party’s Media.Link owe more than €5 million between them in unpaid VAT

Watch: Government to clamp down on tax evasion – Finance Minister

Watch: Government to clamp down on tax evasion – Finance Minister

The government is going to clamp down on tax evasion, Finance Minister Clyde Caruana said Tuesday. He was speaking to journalists after addressing a press conference during which the pre-budget document was presented. Asked about this, the minister said: "I've been referring to the clamp down on tax evasion for months. We need to do this for the benefit

No Exceptions For Political Parties In Tax Collection Drive, Finance Minister Pledges

No Exceptions For Political Parties In Tax Collection Drive, Finance Minister Pledges

Malta’s two main political parties will not be excluded from the government’s drive to enforce tax laws and collect unpaid taxes, Finance Minister Clyde Caruana said this morning. The minister was speaking after a pre-budget press conference, where he was asked by journalists whether his pledge to clamp down on tax evasion also applied to political

Government will clamp down on tax evasion, finance minister warns

Government will clamp down on tax evasion, finance minister warns

The government will focus on the environment, living standards, sensible spending and economic growth in the next budget, and while there will be no new taxes, there will be a clampdown on tax evasion, the finance minister said on Tuesday. Speaking in a pre-budget discussion with the social partners, Clyde Caruana reiterated the government's plan to