The Office of the Commissioner for Revenue (CfR) has launched its three-year strategic plan, covering the period 2023 to 2025.
The strategy will transform the CfR into an administration suited for an evolving economy whilst reaping the benefits of modern technology. This will be achieved, first and foremost, through the merging of the departments responsible for Income Tax, Value Added Tax and the Customs Department. In doing so these entities will be transforming themselves into the Malta Tax and Customs Administration.
Minister for Finance and Employment Clyde Caruana welcomed the actions presented in this strategic plan which, he stated, is the product of two years of intensive work. The strategy is intended to ensure that our country does more with less by making better use of existing revenue, and that all taxes due are collected.
“Indeed, the mindset of delayed payments and systematic non-compliance needs to change for the sake of good governance and fairness. An increase in compliance and efficiency would also allow Malta’s tax burden to remain relatively low in comparison to European counterparts thus sustaining economic development and labour market growth,” said Minister Caruana.
The strategic plan will be available on the Office of the Commissioner for Revenue website cfr.gov.mt.
Photos: MFE
