Malta Budget 2025 – Tax exemption on pensions

The Minister of Finance and Employment has on the 28^th October 2024 presented the Budget Speech for the year 2025.

The gradual income tax exemption which was introduced in 2022, on pensions received by individuals who are at least 61 years of age, shall continue to apply. The exempt portion of the pension which will be exempt from income tax will increase to 80% (up from 60% in 2024).