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Showing posts from 2014

Tax on rented residential properties in Malta reduced to 15%, backdated to Jan 1st. 2014

The tax charged on revenue from rented residential properties has been reduced from 35% to 15%.
Finance Minister Edward Scicluna said the measure was announced in the last Budget and was being brought in now, backdated to January 1.

He said the measure was aimed at reducing tax evasion by encouraging landlords to declare the income they made form rented properties. It would also encourage more people to rent vacant dwellings. The tax would be collected as a withholding tax.

Prof Scicluna said that there would also be a one-time arrangement for people who wanted to regularise their position by declaring income from rents which was previously undeclared.
Such people would need to register their properties with the Inland Revenue Department, declare their income for the past eight years, and then pay two years worth of rent calculated at 15% on the weighted average of eight years.

He warned that people who did not regularise their position and were caught would be charged tax at 35% of …

Summer Break Time - The Street List

The Malta Environment and Planning Authority (MEPA), the Malta Tourism Authority (MTA) and the Building Regulations Office within the Ministry for Transport and Infrastructure notifies the public that in order to mitigate the nuisance of construction sites during the summer period - between the 15th June and the 30th September 2014, no demolition or excavation works will be allowed to be carried out in the following localities and streets.

Illegal excavation works and demolition can be reported by calling telephone number 2292 7608 (during office hours) or 9963 7508  (after office hours).

MALTA
B’BUGIA TRIQ SAN PATRIZJU
TRIQ BAJJA SABIHA
MISRAH SUMMIT
DAWRET IL-QALB IMQADDSA

GZIRA TRIQ IX-XATT
TRIQ SAMUEL TAYLOR COLERIDGE
TRIQ SAN BERT (FROM TRIQ PARISIO UP TO TRIQ HENRY F. BOUVERIE)
TRIQ HENRY F. BOUVERIE (FROM TRIQ IX-XATT UP TO TRIQ SAN BERT)
TRIQ PARISIO (FROM TRIQ IX-XATT UP TO TRIQ SAN BERT)
TRIQ BELVEDERE (FROM TRIQ IX-XATT UP TO TRIQ IL-FLOTTA)
TRIQ PONSOMBY (FROM TRIQ IX-XATT U…