LA VALLETTA (MALTA) (ITALPRESS/MNA) – The Maltese government has seen a significant increase in tax revenue, with Finance Minister Clyde Caruana announcing that €650 million more in income tax was collected last year compared to the previous year. Of this, €400 million was attributed to the use of Artificial Intelligence (AI) technology in the fight against tax evasion.
During an interview on the national tv station, Minister Caruana highlighted how the AI system has helped streamline tax collection efforts and crack down on those attempting to evade taxes. He explained that the system is capable of identifying potential tax evaders, both individuals and businesses, before they can exploit any loopholes. The minister emphasized that this initiative is part of the government’s broader commitment to ensure that all due taxes are collected.
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(ITALPRESS/MNA)
