By means of Legal Notice 28 of 2022, the Government of Malta has increased the annual amount of employment income that can be earned by an individual to benefit from a tax deduction against his employment income.
The amount has been increased to Eur10,020, up from Eur9,930.
Where an individual (including any spouse where the responsible spouse has opted for a separate computation for the purposes of article 50 of the Income Tax Act), derives employment income (other than income derived from the holding of an office of a director), such income does not exceed €10,020 per annum and the individual does not derive any other income chargeable to tax, is allowed to claim a tax deduction against his income from employment, of an amount determined by deducting €9,100 from the said income.