Maltese women who have not worked for five years will not have to pay any income tax for the first y...
Maltese women who have not worked for five years will not have to pay any income tax for the first year they return to work.
The attempt to lure women back into the workforce was was announced by prime minister Laurence Gonzi in the 2004/2005 budget.
Kevin Valenzia, president of Financial Services Malta, said: "Malta has one of the EU's lowest levels of female participation in the workforce and many of them are either graduates or have excellent high school qualifications. By making it financially attractive for women to re-enter the workforce the government has given the finance industry a bigger pool of quality people to draw on. The move will help make us an even more competitive jurisdiction and make Malta more attractive to foreign finance houses."
Malta's finance industry now employs some 6,000 people and the country joined the EU in May this year.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November