Malta and Italy will be setting up joint technical working groups to evaluate areas of further bilateral cooperation on tax matters, including the enforcement of tax collection.
This was agreed by the Finance Minister of the two countries, Edward Scicluna and Pier Carlo Padoan during a meeting in Rome.
Prof. Scicluna said that in a bid to strengthen its tax enforcement structures, Malta was looking closely at best practices in other countries. In this respect, he requested bilateral cooperation in this area, so that Maltese officers were better placed to evaluate the Italian model.
Minister Padoan said he understood and appreciated Malta’s growth-friendly fiscal consolidation strategy. The bilateral relations between Malta and Italy were strong and good and the flow of investment healthy. Italy, he said, was committed to continue strengthening its already close cooperation with Malta.
He also promised to support Malta’s proposal to serve as a base for the European Bank for Reconstruction and Development in North Africa.