UPDATE – Borg Galea & Associates would like to inform our clients that the average exchange rate for the Euro (EUR) for 2021 used by the tax department in Malta is:
| UK Pound Sterling | 0.8596 |
| US Dollar | 1.1827 |
| Canadian Dollar | 1.4826 |
| Australian Dollar | 1.5749 |
| Swiss Franc | 1.0811 |
| Japanese Yen | 129.88 |
| Chinese Yuan Renminbi | 7.6282 |
Meanwhile, the inflation Index for 2020: 892.51
For more information, kindly contact us on: +356 27037012
