MTCA Memo on the Budget Measures Implementation Act

The MTCA has published an overview of some of the measures introduced in the Budget Measures Implementation Act 2025, specifically:

• The exemption under article 5A(4)(c) ITA
• Business permit deduction – Article 14(1)(ma) ITA
• School Fees deduction – article 14B ITA
  Elective Tax – Article 22B ITA
• Tax Rates Adjustment – Article 56(1) ITA
  Artists – Article 56(26A) ITA

View the guidance here.