Topic
Personal tax & employment
Income tax for individuals, employment income, pensions, fringe benefits and payroll obligations.
103 news items and articles, newest first
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Recent Amendments on Probation and Fixed-Term Contracts of Employments
Act XX of 2022 was enacted on 20th December 2022 to partially transpose Directive (EU) 2019/1152 of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions in the…
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Clarification issued by the CfR in relation to employment outside Malta
By virtue of Article 56 (17) of the Income Tax Act, employment income derived in terms of an employment agreement which stipulates that : the performance of duties is to be carried out outside Malta and the duration of…
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Deduction (income from Employment) Rules
The Government of Malta has by means of Legal Notice 4 of 2023 amended the Deduction (income from Employment) Rules. The revised rules shall be applicable as from year of assessment 2024. These rules apply to…
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Reduced rate of tax on overseas employment income
By means of ACT VII of 2022, Article 56(17) of the Income Tax Act has been amended with effect from the calendar year 2022. Article 56(17) of the ITA provides that an individual may opt to be taxed at the reduced rate…
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Pensions to become exempt from income tax
By means of Legal Notice 98 of 2022, the Government of Malta has introduced new rules, by virtue of which pension income derived by individuals on or after 1st January 2022 will be partially exempt from income tax as…
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Qualifying employment in aviation
By means of Legal Notice 104 of 2022, the Government of Malta has made changes to the above-mentioned rules which grant a reduced rate of income tax of 15% on income derived from a qualifying contract of employment by a…
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Tax on overtime employment income
In 2020, Article 90B was introduced in the Income Tax Act (ITA), which provided that with effect from 1st January 2010, an individual can opt to have his qualifying overtime income be subject to tax at the a reduced…
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NOMAD RESIDENCE PERMIT – eligibility – proof of employment – required documentation
Who is eligible? Third country nationals;Anyone who can prove he can work remotely;Anyone in receipt of a gross monthly income of EUR 2,700 (minimum)[1] Proofs required for application Applicants may either be working…
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Reduced Rate of Duty on Donations of Marketable Securities and Immovable Property used for Business extended by another year
By means of Legal Notice 460 of 2021, the Government of Malta has extended the date by virtue of which a reduced rate of duty is applicable on donations of assets referred to below, made by individuals to persons…
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Tax Deduction against Employment Income
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…
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15% tax on qualifying overtime income
By means of Legal Notice 68 of 2022, the Government of Malta has amended the Tax on Overtime Rules which were originally published by means of Legal Notice 245 of 2020. The rules provide for a reduced rate of tax of 15%…
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Budget 2022 – Exemption on pension income
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. Pensioners will be entitled to a higher pension income which will be exempt from tax. The maximum amount of…
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Budget 2022 – Tax free pension income
Minister Clyde Caruana has on the 11th October 2021 presented the Government’s budget for the year 2022. In a bid to encourage pensioners to continue working beyond retirement age, with effect from the year 2022 and…
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Tax rebate on private residential leases
The Office of the CfR has announced that persons who derive income from a private residential lease which is registered with the Housing Authority as a long lease, are eligible for a tax rebate against the tax…
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Gozo Back Office Employment Scheme 2021
The Ministry for Gozo has on the 26th January 2021 launched the Gozo Back Office Employment Scheme 2021. This scheme will provide assistance to employers, in the form of partial reimbursement of salaries for full-time…
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Amendment to the Deduction (Income from Employment) Rules
By means of LN 462 of 2020, The Government of Malta has revised the Deduction (Income from Employment) Rules (S.L. 123.149), increasing the annual income requirement threshold from €9,840 to €9,930. The revised…
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National minimum wage for the year 2021
By means of LN 467 of 2020, the Government of Malta has notified that with effect from 1st January 2021, the national minimum wage per week for whole time employees shall be as follows: Age 18 years and over…
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Tax rebate to pensioners
By means of LN 460 of 2020, the Government of Malta has amended The Tax Rebate (Pensioners) Rules. These rules are applicable to individuals who are in receipt of income from any pension chargeable to tax under Article…
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Tax Credits for Micro- Enterprise and Self-Employed
The introduction of Legal Notice 444 of 2020, has brought along amendments to the Tax Credits for Micro Enterprises and the Self-Employed Regulations (Subsidiary Legislation 463.09). Such amendments will apply…
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FSS Forms – Updated
The Office of the CfR has announced that the FSS forms have been updated to reflect changes brought about by the Tax on Overtime Rules and the Covid19 Wage Supplement. The revised forms can be downloaded from here.…
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Private Residential Leases (Tax Rebate) Rules, 2020
Introduced by means of Legal Notice 258 of 2020, such rules apply to income derived on or after 1st January 2020 from a private residential lease. Such lease must be of a duration of at least 2 years and is registered…
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Final Settlement System (FSS) (Amendment) Rules 2020
The FSS rules were recently amended by virtue of the publication of Legal Notice 246 of 2020. The new rules, which are effective as from 1st January 2020 complement the rules which were also issued earlier on this year…
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Tax on Overtime Rules
Earlier on this year Article 90B was introduced in the Income Tax Act (ITA), which provided that with effect from 1st January 2010, an individual can opt to have his qualifying overtime income be subject to tax at the a…
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Gozo Teleworking Scheme
A teleworking scheme for individuals residing in Gozo and who work for the private sector from home has been launched on the 25th of May 2020. The purpose of the new financial aid measure is to encourage Malta based…
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Notice to self-employed persons – COVID wage supplement : SSC implications
The Commissioner for Revenue (CfR) has recently issued a notice to self-employed persons, who were in receipt of a COVID wage supplement, with respect to the calculation of their social security contributions (SSC) due.…
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Teleworking Activities Scheme to be phased out
The Teleworking Activities Scheme will not be extended beyond the 8th May 2020. Malta Enterprise has announced that such measure, that has been aimed at facilitating teleworking activities due to COVID-19, will be…
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COVID – 19 – Suspension of Legal Times under the Revenue Acts
The Government has by means of LN 135 of 2020 issued the Suspension of Legal Times (Revenue Acts) Order, by virtue of which any legal time referred to below has been suspended with effect from the date on which this…
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Notice to Employers – COVID Wage Supplement: Payroll Implications
The Commissioner for Revenue has on the 4th April 2020 issued a notice to all employers who will be receiving a wage supplement from the Government to support the wages of their employees. The notice clarifies that the…
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Amendments to the Qualifying Employment in Aviation (Personal Tax) Rules
By means of LN 120 of 2020, the Government of Malta has made a number of amendments to the rules by virtue of which individuals deriving income from a qualifying contract of employment shall have the option to benefit…
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COVID-19 – Extended deadlines for Teleworking Activities Schemes
Malta Enterprise has extended the call for the Facilitation of the Teleworking Activities from 31st March 2020 to Friday, 8th May 2020. The grant will be awarded against 45% of the eligible cost which must be incurred…