Government with proposals to increase indirect taxation

October 7, 2013

Government has submitted to the European Commission the economic road map for the period 2013 to 2016, the gradual losses from the revision of income tax will be offset by similar gradual revisions in indirect taxation planned in the context of the budgetary exercise for the upcoming year. The measure is part of an Economic Partnership Programme (EPP) which was submitted to the European Commission on October 1 together with a Report on Effective Action. The documents, published today, outline the Government’s plans to end 2013 with a general government deficit below 3%. They were prepared after the EU placed Malta under the Excessive Deficit Procedure.