On 9 October 2017, Malta's Minister for Finance, Edward Scicluna, presented the Budget for 2018. The tax-related aspects of the budget include:
- No tax increases;
- Tax reductions for individuals making less than EUR 60,000 a year;
- An increase in the value added tax (VAT) registration threshold from EUR 14,000 to EUR 20,000;
- Increased penalties for tax evasion and additional efforts by the Joint Enforcement Task Force to identify companies and businesses engaged in evasion;
- A new VAT grouping c…