Topic
Malta Budget
The annual Budget speech, the measures announced and the acts that implement them.
46 news items and articles, newest first
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Malta Budget 2026 – Cost of Living Allowance
During the 2026 Budget Speech, the Minister of Finance and Employment announced that the Cost of Living Allowance (“COLA”) for the year 2026, has been set to €4.66 per week. This represents a decrease of €0.58 per week…
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Malta Budget 2026 – New Tax Brackets for Parent and Married Individuals
During the 2026 Budget Speech, the Government announced the introduction of new tax rates, in addition to the existing ones, applicable to married individuals with children and parents. These revised tax brackets…
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Budget Measures Implementation Act 2025
The Budget Implementation Act 2025 (Act IX of 2025) was enacted on 17 April 2025, introducing a number of tax-related measures. A summary of the key provisions is outlined below. Transfers of Immovable Property…
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Malta Budget 2025 – Cost of living allowance
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The cost of living allowance (COLA) for the year 2025 has been set at €5.24 per week (€12.81 in 2024),…
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Malta Budget 2025 – Duty on documents and transfers
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The following is a summary of the proposed changes with respect to duty on immovable property. Duty…
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Malta Budget 2025 – Financial services and gaming
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The Government will be enacting legislation to continue to increase Malta’s attractiveness in the…
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Malta Budget 2025 – Occupational pension plans
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. Employers will be obliged to offer their employees the opportunity to join an occupational pension plan.…
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Malta Budget 2025 – Reduced rate of duty on intra- family donations
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. Transfers ‘inter vivos’ of company shares and commercial premises in intra-family donations will…
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Malta Budget 2025 – Tax credits on donations
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. A new tax credit will be introduced on donations made by enterprises to NGOs operating in the social,…
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Malta Budget 2025 – Tax credits to parents of disabled children
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The tax credit which is available to parents of disabled children who require specialised therapy is to…
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Malta Budget 2025 – Tax deduction for school fees
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The maximum deduction allowed to parents for school fees paid in respect of their children attending a…
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Malta Budget 2025 – Tax exemption on pensions
The Minister of Finance and Employment has on the 28th 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…
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Malta Budget 2025 – Widening of the tax bands
The Minister of Finance and Employment has on the 28th October 2024 presented the Budget Speech for the year 2025. The Minister announced the widening of all personal tax bads with effect from 1st January 2025. With…
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Donations to certain voluntary organisations
The Minister of Finance has in his Budget Speech for the year 2024 announced that businesses donating amounts to voluntary organisations registered with the Commissioner for Voluntary Organisations with respect to…
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EXemption for pensioners
The Minister of Finance has in his Budget Speech for the year 2024 announced that the amount of pension income which will for the year 2024 be excluded from the taxable income will amount to 60%. Since the year 2022,…
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Extension of the Get Qualified and Higher Education schemes
The Minister of Finance has in his Budget Speech for the year 2024 announced that tax credits will continue to be provided to students studying for a Masters Degree or Doctorate and benefiting from the Get Qualified and…
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Extension of the reduced rate of tax on income derived from sports activities
The Minister of Finance has in his Budget Speech for the year 2024 announced that the 7.5% rate of tax on income derived by players, licensed coaches and athletes will be extended to other persons engaged in sports…
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Family businesses
The Minister of Finance has in his Budget Speech for the year 2024 announced that: The reduced rate of stamp duty of 1.5% applicable to certain transfers of family businesses to descendants has been extended. Family…
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Fiscal incentives for highly qualified persons
The Minister of Finance has in his Budget Speech for the year 2024 announced that the current fiscal incentives applicable to certain highly qualified persons will be revised and harmonised to cater for the skills…
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Incentives on property restoration
The Minister of Finance has in his Budget Speech for the year 2024 announced that: Incentives for persons buying or selling property which is more than 20 years old and has been vacant for more than 7 years or where the…
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Increase in the tax credit for children with disabilities undergoing therapy
The Minister of Finance has in his Budget Speech for the year 2024 announced that as from next year, the Government will increase to €500 (up from €200) per year, the tax credit to parents of children with disabilities…
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Pillar 2
The Minister of Finance has in his Budget Speech for the year 2024 announced that Malta will apply the derogation provided for in the EU Minimum Tax Directive and therefore will delay the introduction of the 15% minimum…
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Deduction for children attending cultural and artistic activities
By means of recent amendments to the Income Tax Act, implemented through the Budget Measures Implementation Act XII of 2023 published on the 4th April 2023, Article 14G has been amended so that the tax deduction…
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Royalties derived from literary work
By means of recent amendments to the Income Tax Act, implemented through the Budget Measures Implementation Act XII of 2023 published on the 4th April 2023, Article 31F has been amended so that the reduced tax rate…
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Budget Measures Implementation Act
By means of Act No. VII of 2022, the Government of Malta has on the 8th February 2022, published the necessary measures which were originally announced in the Malta Budget Speech for the year 2022. The measures come…
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BUDGET MEASURES IMPLEMENTATION BILL 2022
Following the Budget speech by the Minister of Finance on the 11th October 2021, a Bill has been presented in order to implement Budget Measures for the financial year 2022 and other administrative measures. The…
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Budget 2022 – 50% reduction in stamp duty and tax on capital gains
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. The Minister announced that stamp duty and tax on capital gains on acquisitions and disposals of property (up to…
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Budget 2022 – Grant to first time buyers
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. First time buyers buying qualifying properties will receive a grant of €15,000, which will be increased to €30,000…
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Budget 2022 – VAT refunds on qualifying properties
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. With effect from 12 October 2021, persons who will own or who already own qualifying properties, may benefit from…
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Budget 2022 – Cost of Living Allowance
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. Cost of living adjustment will be Eur1.75 per week. Which will be applicable to all employees, pensioners and…